Noah Stablecoin Startup Secures $22 Million in Seed Funding – Coincu

Noah, a stablecoin startup, announced a successful raise of $22 million in a financing round led by LocalGlobe. This development was joined by Felix Capital, FJ Labs, and notable figures including Palantir’s Joe Lonsdale.

The $22 million funding is a significant step for Noah as it aims to develop stablecoin-based infrastructure for global markets. The participation from prominent venture capitalists and angel investors underscores wide institutional interest.

Noah Raises $22 Million to Scale Globally

Noah, led by CEO Shah Ramezani and co-founded by Thijn Lamers, has announced a successfully led funding round by LocalGlobe. Lamers, previously affiliated with Adyen, joins Ramezani to strengthen Noah’s foothold in the fintech industry. This strategic infusion involves participation from Felix Capital and FJ Labs, alongside key investors like Joe Lonsdale and Alexander Matthey.

With the recent capital injection, Noah plans to intensify its expansion in the U.S., Europe, and Asia. The aim is to enhance its stablecoin-based infrastructure, leveraging partnerships with Circle and Paxos for transaction facilitation.

“The backing from institutional giants reaffirms the potential of stablecoin technology in transforming payment systems across borders.” — Thijn Lamers, Co-founder & President, Noah

Stablecoins: A Rising Tide in Fintech Innovation

Did you know? Funding for blockchain infrastructure, as seen with initiatives like Noah, often leads to increased stablecoin adoption. Key players emphasize fintech growth parallels with the development of platforms like Ripple.

As of now, USDC maintains a stable price of $1.00 with a market cap approaching $60,977,925,718. Its 24-hour trading volume stands at approximately $12,603,754,681, reflecting a 35.17% change, according to CoinMarketCap. USDC’s circulation intersects with Noah’s strategic interests.

Coincu research indicates potential regulatory collaboration in enhancing payment processes through stablecoins. The presence of renowned backers suggests stablecoin technologies will broaden in utility across banking and cross-border transactions.