PomegraLondon-based Noah closed a $38M seed round for stablecoin payments infrastructure, adding a $16M extension as 2026 revenue rose 538% across 150+ markets.
Key Takeaways
- Noah added $16M to a $22M seed announced in June 2025, bringing the round to $38M. Valuation is undisclosed.
- Endeit Capital, FJ Labs, LocalGlobe and Felix Capital took part, alongside angel investors.
- Revenue is up 538% year to date against 2025, with 31% month-on-month growth and 150+ new customers.
Lead
Noah, a London-based provider of stablecoin payments infrastructure, announced on October 7, 2026 that it has closed its seed round at $38M. The company raised an additional $16M from new and existing investors on top of the $22M it disclosed in June 2025. Noah will spend the money on a wider regulatory footprint, engineering and compliance hires, deeper links to local payment rails in its highest-volume markets, and a new office in New York.
What Does Noah Actually Do?
Noah sells an API that connects stablecoin settlement to local payment rails, so a business can move money across borders without managing the conversion and payout steps itself. It serves enterprises directly and reaches individuals indirectly through neobanks, fintechs and workforce platforms. The company says it is live in more than 150 markets and supports more than 60 currencies.
Its customers span remittances, fintech, marketplaces and payroll. Noah was founded in 2020 by Shah Ramezani, who serves as chief executive, and has Adyen veteran Thijn Lamers as co-founder and president. Ramezani and Lamers both come from established payments businesses, which matters in a category where licensing and bank relationships are as hard to build as software.
Who Backed the Round?
Endeit Capital, FJ Labs, LocalGlobe and Felix Capital took part in the extension, along with unnamed angels. The original $22M seed was led by LocalGlobe, with Felix Capital, FJ Labs and angels including Palantir co-founder Joe Lonsdale and Unity co-founder David Helgason. A lead investor for the $16M extension has not been named.
Noah did not disclose a valuation. That leaves the terms of the extension opaque. A seed round that reached $38M across two tranches is large by the usual standards of the stage, and the company has not said whether the second tranche priced above the first.
Why Is Revenue Growing So Fast?
Noah's year-to-date revenue is 538% higher than in the same period of 2025, which reflects broader adoption of stablecoins for business payments. The company cites B2B stablecoin payments reaching an annualized $226B, up 733% year on year. Neither figure comes with an absolute revenue base, so the percentage growth is hard to size. Triple-digit growth is easy to post from a small starting point, and Noah has not published revenue or payment volume for 2026. In June 2025 it claimed more than $1B in processed volume.
The customer count is the firmer number. Noah says it added more than 150 new customers this year, including large global platforms and financial institutions. It named none of them.
What Comes Next for Noah?
The immediate plan centers on the United States. A New York office puts Noah closer to the banks, platforms and regulators that shape how stablecoin payments get approved and used there. Compliance hiring points the same way, since each new market adds licensing and reporting obligations that can slow a payments company more than demand does.
Competition is the other variable. Noah operates alongside crypto-native payment firms and established processors that have added stablecoin settlement, and several of them have much larger balance sheets. Noah's argument is that infrastructure built for compliance from the start will win enterprise contracts that pure crypto firms cannot. The 150+ new customers suggest some of that is already happening, though contract size and retention remain unreported.
Outlook
Noah has closed a $38M seed round on the back of reported revenue growth of 538% and 31% monthly expansion, with a US office and compliance hires as the next steps. The open questions are the valuation, the absolute revenue and volume behind the percentages, and how well the company converts enterprise pilots into recurring payment flow. A Series A would be the first full test of whether investors price those numbers the way the seed backers did.