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Shalom Dodoun's Project Ridge secures $18M to redefine global payments

Tuesday, September 09, 2025 — 16:47:48 (UTC)

NEW YORK, Sept. 9, 2025 /PRNewswire/ -- Shalom Dodoun, fintech entrepreneur and founder of FintechCashier, has officially launched Project Ridge, a next-generation payment platform designed to transform domestic and international transactions. The platform has raised $18 million in strategic investment from leading fintech partners to accelerate innovation, strengthen security, and expand global reach.

"We are creating revolutionary financial infrastructure that accelerates business growth while unlocking opportunities in global markets," said Dodoun.

Solving Payment Challenges Project Ridge tackles the longstanding pain points of cross-border payments by offering:

Instant settlement for domestic and international payments Lower transaction fees, up to 50% below traditional systems Faster processing, eliminating the 3–5 day wait of wire transfers Enhanced security, with advanced encryption, AI-driven fraud prevention, and cloud infrastructure "Traditional systems add friction and cost for businesses expanding internationally," Dodoun explained. "Our platform puts control back in the hands of businesses while delivering superior customer experiences."

Meeting Global Demand With cross-border payments exceeding $2 trillion annually, businesses face high fees, delays, and complex compliance. Project Ridge addresses these issues with:

Dynamic currency management and transparent exchange rates Compliance tools for AML, KYC, and multi-jurisdictional requirements Seamless API integrations with business systems Real-time analytics for cash flow and operations Early beta testing has shown up to 50% cost reductions and stronger cash flow management for users.

Positioned for Leadership Analysts forecast double-digit annual growth in proprietary payment networks through 2030. Project Ridge is well-placed to capture this growth, serving e-commerce, SaaS providers, digital marketplaces, and globally oriented businesses.

"Companies want faster processing, better economics, and more control," said Dodoun. "Project Ridge delivers all three with the highest compliance standards."

Fueling Global Expansion The $18 million investment will support:

Ongoing platform development Expanded international market entry Strengthened compliance and security infrastructure "This investment validates our vision and equips us to scale globally," Dodoun added. "Our partners provide not just capital, but also expertise and networks essential for international expansion."

About Project Ridge Founded by Shalom Dodoun, Project Ridge is a proprietary payment network that delivers faster, more secure, and cost-efficient financial infrastructure for businesses competing in today's global economy.

Media Enquiries Philip Roberts media@cloudridge.io

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Source: Company press release.

Categories: Announcement