Stablecoin Startup Noah Secures $22M with Adyen Veteran as Cofounder - A New Era in Fintech

Stablecoin Startup Noah Raises $22 Million in Seed Funding

In a significant boost to the fintech sector, Noah, a stablecoin startup, has successfully raised $22 million in a seed funding round. The investment was led by LocalGlobe, with participation from Felix Capital, FJ Labs, and notable angel investors including Joe Lonsdale of Palantir fame and Alexander Matthey, former CTO at Adyen.

A Unique Founding Team

At the helm of Noah are Thijn Lamers, a seasoned executive from Adyen, and Shah Ramezani, a former UBS analyst. Lamers, embracing his role as president and cofounder, brings decades of experience to the table, proving that startup success isn't confined to the young. "I feel like I have the energy of [when I was] 25," Lamers shared, highlighting the vigor he brings to Noah.

The Stablecoin Surge

Noah enters a competitive yet booming stablecoin market, where digital tokens pegged to real-world assets like the USD are revolutionizing cross-border transactions. With giants like Stripe and Meta exploring stablecoins, Noah aims to carve its niche by leveraging Lamers' extensive network and Ramezani's innovative vision.

Noah's Ark for Modern Finance

Dubbed "Noah's ark" by its founders, the startup offers an API enabling seamless fund transfers across 50 currencies and 70 countries, processing over $1 billion in transactions to date. This real-time solution challenges traditional banking delays, marking a pivotal shift in global payments.

Lamers' transition from investor to cofounder underscores the project's potential, with Ramezani praising his cofounder's relentless drive: "Thijn is really like a beast."