Skip to main content

Is cedar.money a Scam? Security Check Results - MBD Finance Technology Ltd. (DBA Cedar) Reviews

cedar.money favicon

Is cedar.money Safe? Security Analysis for MBD Finance Technology Ltd. (DBA Cedar)

Check if cedar.money is a scam or legitimate. Free security scan and reviews.

FinanceUnited Statesmedium
Webflow CMSjQuerySwiperJSGoogle Tag ManagerGoogle Analytics (gtag.js)+4 more
Analyzed 9/6/2025Completed 10:54:34 PM
69
Security Score
MEDIUM RISK

AI Summary

Cedar Money, operated by MBD Finance Technology Ltd., is a fintech company specializing in secure, scalable cross-border payment solutions primarily targeting businesses operating in Africa and global markets. The platform offers competitive exchange rates, high-volume transaction capabilities, and a seamless user experience through web and mobile applications. Cedar positions itself as a trusted B2B payment orchestrator, leveraging partnerships with regulated financial institutions worldwide to facilitate efficient international payments and collections. Technically, the website is built on the Webflow platform, utilizing modern JavaScript libraries and analytics tools such as Google Analytics, Facebook Pixel, Segment, and FullStory. The site demonstrates excellent mobile optimization, accessibility, and SEO practices, providing a professional and user-friendly interface. The presence of multi-factor authentication and regular security audits mentioned on the site indicates a mature security posture, although explicit security headers and incident response disclosures could be improved. From a security perspective, the site enforces HTTPS and employs multiple tracking and marketing scripts, which are standard for fintech platforms but require careful management to maintain privacy compliance. The absence of a cookie consent mechanism is a minor compliance gap. WHOIS data is privacy protected, which is common in the fintech sector to safeguard sensitive registrant information, and does not raise immediate legitimacy concerns given the professional site content and business model. Overall, Cedar Money presents a credible, well-structured fintech service with strong business and technical foundations. Strategic recommendations include enhancing transparency around security policies, implementing cookie consent for GDPR compliance, and maintaining vigilance on third-party script security to uphold trust and regulatory adherence.

Detected Technologies

Webflow CMSjQuerySwiperJSGoogle Tag ManagerGoogle Analytics (gtag.js)Facebook PixelSegment AnalyticsIntercomFullStory

🧠AI Business Intelligence

Technology stack, business insights, and market analysis powered by AI.

Business Intelligence

Market & Strategic Analysis

Cedar Money operates in the competitive fintech space focusing on cross-border B2B payments, especially facilitating transactions involving African currencies and global suppliers. Its competitive advantage lies in offering zero setup fees, transparent FX rates, and high daily transaction limits up to $30 million. The company targets medium to large businesses requiring efficient international payment solutions. Partnerships with financial institutions and integration with popular communication and scheduling tools like Intercom and Calendly support its customer engagement and operational efficiency. The presence on major app stores and multilingual support indicates a growth-oriented strategy aimed at broadening market reach. The company’s transparent approach to fees and settlement times positions it well against traditional banking and remittance services.

Security Posture Analysis

Comprehensive Security Assessment

The website demonstrates a solid security posture with HTTPS enforced, multi-factor authentication, continuous monitoring, and regular audits as stated on the site. However, explicit security headers such as Content-Security-Policy and X-Frame-Options are not visibly implemented, which could enhance protection against common web attacks. The lack of a published incident response plan or dedicated security contact reduces transparency in handling security incidents. The use of multiple third-party analytics and marketing scripts increases the attack surface and necessitates strict management to prevent data leakage or privacy violations. Overall, the security maturity is good but could be improved by formalizing and publishing security policies and enhancing technical controls.

Strategic Recommendations

Priority Actions for Security Improvement

1

Publish a detailed security policy and incident response plan accessible on the website.

Observations

AI-powered comprehensive website and business analysis.

AI-Enhanced Website Analysis

Business Insights

Company:

MBD Finance Technology Ltd. (DBA Cedar)

Description:

Cedar simplifies cross-border payments for businesses in Africa. We enable businesses send high-volume payments to their international suppliers at affordable rates and ZERO set-up fees.

Key Services:
Cross-border paymentsCurrency exchangePayment collectionBusiness payment cards
Content Quality:

excellent

Branding:

consistent

Technical Stack

Technologies:
Webflow CMSjQuerySwiperJSGoogle Tag ManagerGoogle Analytics (gtag.js)Facebook PixelSegment AnalyticsIntercomFullStory
Frameworks:
Webflow
Platforms:
Webflow Hosting
Performance:

fast

Mobile:

excellent

Accessibility:

good

SEO:

good

Security Assessment

Security Score:
85/100
Best Practices:
  • HTTPS enforced
  • Multi-factor authentication mentioned
  • Regular audits mentioned
  • Continuous monitoring mentioned
  • Privacy-first approach stated

Analytics & Tracking

Services:
Google AnalyticsSegment AnalyticsFullStoryFacebook PixelLinkedIn Insight Tag
Tracking Level:extensive
Privacy Compliance:basic

Advertising & Marketing

Ad Networks:
Google Ads
Tracking Pixels:
Facebook PixelSegment AnalyticsFullStoryLinkedIn Insight Tag
Marketing Tools:
IntercomCalendly
Transparency Level:good

Website Quality Assessment

Design Quality:excellent
User Experience:excellent
Content Relevance:excellent
Navigation Clarity:excellent
Professionalism:excellent
Trustworthiness:high

Key Observations

1

Website is fully accessible with rich content and interactive features

🛡️Security Headers

HTTP security headers analysis and recommendations.

Security Headers

HTTP security headers analysis

60/100
Score

Missing X-Content-Type-Options header

MEDIUM

Prevents MIME type sniffing

Missing X-XSS-Protection header

MEDIUM

Legacy XSS protection (deprecated but still recommended)

Missing Referrer-Policy header

LOW

Controls referrer information sent with requests

Missing Permissions-Policy header

MEDIUM

Controls browser features and APIs

Sensitive data may be cached

LOW

Cache-Control header should include "no-store" for sensitive pages

👤GDPR Compliance

Privacy and data protection assessment under GDPR regulations.

GDPR Compliance

Privacy and data protection assessment

53/100
Score

No Cookie Policy found

HIGH

GDPR requires clear information about cookie usage

No Cookie Consent Banner found

HIGH

GDPR requires explicit consent for non-essential cookies

No Data Protection Officer mentioned

LOW

Large organizations may need to designate a DPO under GDPR

Privacy policy may not be GDPR compliant

MEDIUM

Privacy policy lacks explicit GDPR compliance elements

GDPR Compliance Analysis

Privacy Policy85% confidence
Cookie Policy0% confidence
Contact Information Found90% confidence
phone

🛡️NIS2 Compliance

Network & Information Security Directive compliance assessment.

NIS2 Compliance

Network & Information Security Directive

47/100
Score

No vulnerability disclosure policy

MEDIUM

NIS2 encourages coordinated vulnerability disclosure

No incident response procedures found

HIGH

NIS2 requires documented incident response and business continuity plans

No business continuity planning found

MEDIUM

NIS2 emphasizes operational resilience and business continuity

No security contact information

HIGH

NIS2 requires clear incident reporting channels

No vulnerability reporting mechanism

MEDIUM

Clear vulnerability reporting supports coordinated disclosure

No NIS2 reference found

LOW

Consider explicitly mentioning NIS2 compliance efforts

📧Email Security

SPF, DKIM, and DMARC validation and email security assessment.

Email Security

SPF, DKIM, and DMARC validation

55/100
Score

DMARC not enforcing

MEDIUM

DMARC policy is set to "none"

No DMARC reporting

LOW

DMARC aggregate reports not configured

No DKIM record found

MEDIUM

DKIM adds cryptographic signatures to emails

No BIMI Record

LOW

BIMI displays brand logos in email clients

No MTA-STS Policy

MEDIUM

MTA-STS enforces TLS for email delivery

No TLS-RPT Record

LOW

TLS-RPT provides reporting for email TLS issues

SPF
Sender Policy Framework
DKIM
DomainKeys Identified Mail
DMARC
Domain-based Message Authentication
MX Records
Mail Exchange Records
BIMI
Brand Indicators
MTA-STS
Mail Transfer Agent Security
TLS-RPT
TLS Reporting
DNSSEC
DNS Security
SPF Details
Record:
v=spf1 include:dc-aa8e722993._spfm.cedar.money ~all
DMARC Details
Policy:none

🏆SSL/TLS Security

Certificate validity and encryption analysis.

SSL/TLS Security

Certificate validity and encryption analysis

75/100
Score

SSL Certificate Expires Within 90 Days

MEDIUM

SSL certificate expires in 34 days

Weak SSL Key Length

HIGH

SSL certificate uses 256-bit key, which is considered weak

Partial SSL/TLS Assessment

LOW

Completed 2 of 4 security checks due to time constraints

Certificate Details

Subject:www.cedar.money
Issuer:WE1
Valid Until:10/11/2025 (34 days)
SANs:www.cedar.money

OCSP Status

OCSP Stapling Disabled

📊DNS Health

DNS configuration and security assessment.

DNS Health

DNS configuration and security assessment

80/100
Score

DNSSEC Not Enabled

MEDIUM

DNSSEC is not configured for this domain

CAA Records Not Configured

LOW

Certificate Authority Authorization (CAA) records not found

DMARC Policy Set to None

LOW

DMARC is configured but not enforcing any policy

DNS Records

A Records:99.83.190.102, 198.202.211.1, 75.2.70.75
Name Servers:
ns43.domaincontrol.comDNS only
ns44.domaincontrol.comDNS only
MX Records:
1: aspmx.l.google.com
5: alt1.aspmx.l.google.com
5: alt2.aspmx.l.google.com
10: alt3.aspmx.l.google.com
10: alt4.aspmx.l.google.com

DNSSEC Status

DNSSEC Not Enabled

SPF Analysis

SPF Record:
v=spf1 include:dc-aa8e722993._spfm.cedar.money ~all

Network Security

Port scanning and network exposure analysis.

Network Security

Port scanning and network exposure analysis

100/100
Score

Good Network Security Posture

LOW

No unnecessary services detected on common risky ports

🔧Technical Analysis

Detailed technical findings and analysis from AI assessment.

Technical Analysis

Comprehensive security assessment findings

Additional Findings

The website is built on Webflow CMS, leveraging modern JavaScript libraries including jQuery and SwiperJS for UI components. It integrates multiple analytics and marketing tools such as Google Analytics, Facebook Pixel, Segment, FullStory, LinkedIn Insight Tag, and Intercom for customer engagement and data collection. Hosting is provided by Webflow, ensuring fast performance and excellent mobile responsiveness. The site uses canonical URLs, hreflang tags for multilingual support, and structured meta tags for SEO. The presence of a currency conversion calculator with live API calls indicates dynamic content capabilities. No major technical debt or outdated technologies were detected, positioning the platform well for scalability and maintainability.
Analyze Another Website