Noah Closes $38 Million Seed Round as Stablecoin Demand Grows

London-based Noah has closed its seed funding round at $38 million after raising a $16 million extension from existing and new investors. The stablecoin payments provider added more than 150 customers in 2026, including businesses in remittances, fintech, marketplaces and payroll.

Noah reported a 538% increase in year-to-date revenue during the first nine months of 2026 compared with the same period in 2025. Monthly revenue growth averaged 31%, according to the company.

The extension was backed by Endeit Capital, FJ Labs, LocalGlobe, Felix Capital and a group of angel investors. Noah plans to use the funds to expand its regulatory coverage, hire engineering and compliance staff, and connect its platform to local payment networks in its highest-volume markets. It will open an office in New York to support its U.S. expansion.

Noah’s technology links stablecoin settlement with local payment systems. It allows businesses to send and receive funds across borders in seconds, with compliance checks and payment options at both ends of a transaction. The company’s customers use stablecoins as an alternative to correspondent banking networks, which can add processing time and fees to international transfers.

Shah Ramezani, Noah’s co-founder and CEO, described the company’s goal as replacing traditional international transfers with a single settlement platform. “Noah is building the infrastructure that will make one-click international transactions possible everywhere, with full compliance at both the origination and destination of funds,” he said in a statement.

Noah operates in more than 150 markets and supports more than 60 currencies. It provides services directly to businesses and individuals, and through consumer platforms, fintech companies, neobanks and workforce platforms.

The company is preparing its operations to support four to five times its current revenue over the next 12 months. Co-founder Thijn Lamers, who was part of the founding team at payments company Adyen, said Noah wants stablecoin settlement to remain invisible to businesses and individuals using its network.

“International transfers are highly regulated and increasingly challenging as every country, currency and payment method requires local partnerships, integrations and compliance infrastructure,” Lamers said in a statement.

Figures cited by Noah show that cross-border payments reached $208 trillion in 2025, generating an estimated $625 billion in annual revenue for banks and intermediaries. Payments by small and medium-sized businesses accounted for 7% of the total flow but generated 31% of bank revenue. Fees, foreign exchange spreads and operating charges cost those businesses an estimated $194 billion annually.

Noah also cited data showing that business-to-business stablecoin payments reached an annualized value of $226 billion, up 733% from a year earlier. Stablecoins accounted for less than 1% of the estimated $34.8 trillion in annual cross-border B2B payments.