Endeit has led the latest investment round in stablecoin payments infrastructure provider Noah, as part of a $16M seed extension round that brings Noah’s total funding raised to $38M.
The investment marks Endeit’s entry into the rapidly emerging stablecoins infrastructure payment market, backing Noah’s move to become the underlying settlement network through which businesses move money internationally.
Founded by Shah Ramezani and Thijn Lamers, who was part of Adyen’s founding team and spent a decade helping to build the global payments giant, Noah has built a settlement layer for the stablecoin era: frictionless infrastructure that enables money to move across borders in seconds rather than days.
Noah is a replacement for the legacy operation of overnight batch processing, which routes cross-border payments through a chain of correspondent banks, with each step adding days, fees, and more opportunity for failure, as working capital sits frozen in transit the entire time.
Noah collapses that chain into a single settlement layer, then plugs directly into local rails at the destination. The solution maintains the level of trust and allows the same familiar payment method on either end, but without the costly delays, making stablecoin settlement largely invisible to the companies and individuals benefitting from it.
Endeit’s backing of Noah underlines its belief that blockchain-based technologies have the long-term potential to transform how financial services operate. The Noah deal follows Endeit’s investment in digital asset trading platform Finst earlier this year, where it led its €8M funding round.
Building on 12 months of consistent growth
The new capital will be used to expand Noah’s regulatory footprint, recruit engineering and compliance specialists, and deepen its connections with local payment rails in its highest-volume markets. The business will also accelerate its US expansion, opening offices in New York.
Endeit participated in the investment round alongside FJ Labs, LocalGlobe, Felix Capital, and a high-profile group of angels, following a 12-month period that has seen Noah solidify its presence as a key player in the cross-border payments arena.
The stablecoin payments infrastructure provider recently signed 150+ major enterprise customers and publicly listed businesses, amid surging demand for cross-border payments. New customers include Western Union and Opera.
The company’s valuation has doubled in the past year, with its technology now active in more than 150 markets and supports over 60 currencies.
The raise follows strong growth that has seen revenues surge by 538% during year-to-date 2026 compared to the same period 2025, with recurring monthly growth of 31%.
Jonne de Leeuw, Partner at Endeit, leading our fintech investments, said:
"Cross-border payments still run on rails-built decades ago, and we had been looking for the leader in stablecoin infrastructure for some time. We found it in Noah: the team and product are setting the standard in the space, and the customer traction shows the demand is real. Backing Thijn and Shah was a no-brainer, and we can't wait to see them take Noah to the next level."
Shah Ramezani, Co-Founder and CEO, Noah, adds:
“Stablecoins combine the digital flexibility of crypto with the stability of fiat currencies to allow money to move at the speed of the internet. We are able to replace the slow and expensive traditional banking approach to 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. Just as neobanks have revolutionised domestic banking, we want to redefine global money transfer markets.”
A rapidly accelerating market
Cross-border payments reached $208 trillion in 2025, generating an estimated $625 billion in annual revenue for banks and intermediaries. While Small and Medium Business (SMB) payments account for just 7% of this total flow, they generate 31% of banks' revenue, costing businesses $194 billion a year in fees, foreign exchange spreads and operational charges. Stablecoin adoption within the SMB market is rapidly accelerating. B2B stablecoin payments have reached an annualised value of $226 billion, representing an increase of 733% year-over-year. Stablecoins today account for less than 1% of the $34.8 trillion in annual cross-border B2B payments, highlighting the opportunity for future adoption.
Noah addresses this opportunity both directly and indirectly through consumer platforms, fintech companies, neobanks, and workforce platforms that aggregate large numbers of businesses, contractors, and individual users.
