Noah, a London-based stablecoin payments infrastructure company, has closed its seed round at $38 million after raising an additional $16 million on October 7, 2026. The extension brings Endeit Capital, FJ Labs and Felix Capital into the cap table, with LocalGlobe returning from the original round.

The company says it will deploy the capital toward three objectives: opening a New York office, broadening its regulatory licensing, and hiring for engineering and compliance roles. The plan signals a deliberate US expansion for a firm whose core product links stablecoin settlement to traditional payment rails — stablecoins being crypto tokens engineered to hold a steady value, typically pegged to a fiat currency such as the dollar.

What does the funding change operationally?

The New York office anchors Noah's US buildout. Establishing a physical presence in New York, the center of American payments and capital markets activity, positions the company to serve enterprise clients demanding domestic support and jurisdictional coverage.

The regulatory licensing push matters most for the company's operational scope. Payments infrastructure firms operating with stablecoins face a patchwork of state and federal requirements across markets. Widening the licensing footprint directly expands the corridors where Noah can legally settle transactions, which is a growth constraint as much as a compliance cost for any cross-border payments operator.

The hiring plan concentrates on engineering and compliance — a pairing that reflects the business itself. The product depends on technical integration between blockchain-based stablecoin settlement and legacy banking rails, while revenue growth depends on staying licensed across a widening set of jurisdictions.

How fast is the business growing?

Noah reports year-to-date revenue up 538% year-over-year, alongside what the company describes as a consistent 31% month-over-month growth rate. Both figures come from company disclosures and have not been independently audited.

The customer base is scaling in parallel. Noah says it added more than 150 new enterprise clients in 2026, spanning remittances, payroll and fintech. Those are volume-heavy verticals where stablecoin settlement can undercut the cost and latency of correspondent banking, particularly for cross-border payroll and remittance corridors that traditional rails serve slowly.

The company currently operates in more than 150 markets and supports over 60 currencies, a footprint that places it among the broader cohort of stablecoin payments infrastructure providers competing to become the settlement layer for global money movement.

How did the round come together?

The seed round began in June 2025, when Noah raised approximately $22 million led by LocalGlobe. The latest $16 million extends that same round rather than opening a new one — an increasingly common structure that lets startups add strategic investors and capital without resetting valuation terms mid-trajectory.

LocalGlobe's continued participation gives the round continuity, while Endeit Capital, FJ Labs and Felix Capital add new backers with deep payments and marketplace investment track records. FJ Labs in particular has an extensive portfolio across payments and fintech infrastructure companies.

Noah was co-founded by Shah Ramezani and Thijn Lamers. Lamers previously held a significant role at Adyen, the Amsterdam-listed payments company — experience that maps directly onto the problems Noah is solving, since bridging stablecoin rails to traditional payment infrastructure requires fluency in both worlds.

What comes next?

The immediate milestones are concrete: a New York office, expanded licenses and a larger engineering and compliance team. For a company at Noah's stage, the US expansion will test whether its growth economics — 538% revenue growth and steady monthly compounding — hold in a market with the deepest regulatory scrutiny and the largest enterprise payments opportunity. Expect the pace of its licensing announcements and US hiring over the coming quarters to indicate how quickly that expansion moves from plan to operation.