Latest news with #SaturnX
Zawya
14 hours ago
- Business
- Zawya
SaturnX closes $3mln funding round to expand in Southeast Asia
UAE – SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors, according to a press release. The funding will support the UAE-based infrastructure provider's expansion into Southeast Asian corridors, such as the Philippines, Bangladesh, and Pakistan. This is in addition to improving regulatory compliance and building out its enterprise-grade API platform to meet rising demand for digital dollar transfers in emerging markets. Established in 2024, SaturnX is a stablecoin payments infrastructure company that acts as an API layer for business-to-business (B2B) money transmitters and financial platforms. The platform serves as a behind-the-scenes API layer for B2B money transmitters, corporates and financial platforms. In just five months of operation, the company has already processed over $250 million in transaction volume while maintaining profitability. Mirnas Brescic, CEO and Founder of SaturnX, commented: "Our vision is to connect the worlds of decentralized and traditional finance with infrastructure that brings the benefits of stablecoins to everyday financial use cases." "Despite considerable progress, cross-border payments are still expensive and slow. By offering a faster, cheaper, and programmable alternative, we are helping financial partners unlock better ways to move money, starting with the world's largest remittance corridors,' Brescic added. With more than $600 billion in global annual remittance flows and rising demand for digital dollars in emerging markets, SaturnX is set to become a critical backend provider for the future of borderless payments.
CairoScene
a day ago
- Business
- CairoScene
Dubai-Based SaturnX Raises $3M to Expand Stablecoin Payment Network
Headquartered in Dubai, SaturnX has raised $3 million in seed funding to grow its enterprise-grade stablecoin infrastructure across MENA and Southeast Asia. Jun 19, 2025 Dubai-based stablecoin infrastructure startup SaturnX has raised $3 million in a seed round led by White Star Capital, with participation from strategic institutional investors. The company operates behind the scenes to power stablecoin-based cross-border payments, particularly along corridors linking the Gulf region to South and Southeast Asia. Founded by Mirnas Brescic—who previously held roles at Rain, Bitpanda, and the International Atomic Energy Agency—SaturnX serves B2B money transmitters, corporates, and financial platforms with a proprietary API layer for seamless digital dollar transfers. Since its launch just five months ago, the company has processed over $250 million in transaction volume while maintaining profitability. The new funding will support SaturnX's expansion into emerging remittance corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, and Pakistan. It will also be used to bolster regulatory compliance and enhance the company's core platform. SaturnX's flagship corridor links the Gulf to South Asia, a region that accounts for hundreds of millions in remittance volume annually. By pre-funding liquidity pools in key markets and aggregating real-time FX rates, the platform offers instant, low-cost transfers for financial institutions and global remittance providers. With global remittance flows exceeding $600 billion and rising demand for stable digital currencies, SaturnX is positioning itself as an infrastructure provider for the evolving cross-border payments landscape in the MENA and Asia regions.
Wamda
2 days ago
- Business
- Wamda
SaturnX closes $3 million seed to expand Gulf–South Asia payment corridor
UAE-based infrastructure provider SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors. Founded in 2024 by Mirnas Brescic, SaturnX is a stablecoin payments infrastructure company that acts as an API layer for B2B money transmitters and financial platforms. The funding will support SaturnX's expansion into Southeast Asian corridors such as the Philippines, Bangladesh, and Pakistan while enhancing regulatory compliance and building out its enterprise-grade API platform to meet rising demand for digital dollar transfers in emerging markets. Press release: SaturnX, the infrastructure provider for stablecoin-based cross-border payments, today announced the closing of a $3 million seed round. The round was led by White Star Capital, with participation from strategic institutional investors. Mirnas Brescic, CFA - CEO and Founder of SaturnX Founded by Mirnas Brescic, who brings 15 years of experience in FX, treasury, and digital assets across institutions like Rain, Bitpanda and the IAEA, SaturnX serves as a behind-the-scenes API layer for B2B money transmitters, corporates and financial platforms. In just five months of operation, the company has already processed over $250 million in transaction volume while maintaining profitability. The capital will be used to accelerate SaturnX's expansion into new payment corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, and Pakistan; strengthen regulatory infrastructure; and continue building its end-to-end API platform for enterprise-grade stablecoin payments. With more than $600 billion in global annual remittance flows and rising demand for digital dollars in emerging markets, SaturnX is positioned to become a critical backend provider for the future of borderless payments by modernising how money moves across borders, offering instant, low-cost stablecoin transfers for financial institutions, fintechs, and global remittance providers. "Our vision is to connect the worlds of decentralised and traditional finance with infrastructure that brings the benefits of stablecoins to everyday financial use cases," said Mirnas Brescic, CEO and Founder of SaturnX. "Despite considerable progress, cross-border payments are still expensive and slow. By offering a faster, cheaper, and programmable alternative, we're helping financial partners unlock better ways to move money, starting with the world's largest remittance corridors." The company pre-funds stablecoin liquidity pools in key markets, aggregates FX pricing in real time, and ensures regulatory compliance via partnerships and licensing pathways. Its flagship corridor, from the Gulf region to South Asia, collectively enables hundreds of millions in annual volume. "We're excited to back SaturnX at the forefront of a new payment infrastructure layer," said Sep Alavi, General Partner at White Star Capital. "They're operating in one of the most strategically important corridors globally, solving a massive pain point for cross-border remittances and B2B payments. Mirnas brings unmatched experience in FX, treasury, and crypto, and he's already shown his ability to execute at speed."
Finextra
3 days ago
- Business
- Finextra
Stablecoin infrastructure startup SaturnX raises $3 million
SaturnX, the infrastructure provider for stablecoin-based cross-border payments, today announced the closing of a $3 million seed round. 0 The round was led by White Star Capital, with participation from strategic institutional investors. Founded by Mirnas Brescic, who brings 15 years of experience in FX, treasury, and digital assets across institutions like Rain, Bitpanda and the IAEA, SaturnX serves as a behind-the-scenes API layer for B2B money transmitters, corporates and financial platforms. In just five months of operation, the company has already processed over $250 million in transaction volume, while maintaining profitability. The capital will be used to accelerate SaturnX's expansion into new payment corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, Pakistan, strengthen regulatory infrastructure, and continue building its end-to-end API platform for enterprise-grade stablecoin payments. With more than $600 billion in global annual remittance flows and rising demand for digital dollars in emerging markets, SaturnX is positioned to become a critical backend provider for the future of borderless payments by modernising how money moves across borders, offering instant, low-cost stablecoin transfers for financial institutions, fintechs, and global remittance providers. 'Our vision is to connect the worlds of decentralised and traditional finance with infrastructure that brings the benefits of stablecoins to everyday financial use cases,' said Mirnas Brescic, CEO and Founder of SaturnX. 'Despite considerable progress, cross-border payments are still expensive and slow. By offering a faster, cheaper, and programmable alternative, we're helping financial partners unlock better ways to move money, starting with the world's largest remittance corridors.' The company pre-funds stablecoin liquidity pools in key markets, aggregates FX pricing in real time, and ensures regulatory compliance via partnerships and licensing pathways. Its flagship corridor, from the Gulf region to South Asia, collectively enables hundreds of millions in annual volume. 'We're excited to back SaturnX at the forefront of a new payment infrastructure layer,' said Sep Alavi, General Partner at White Star Capital. 'They're operating in one of the most strategically important corridors globally, solving a massive pain point for cross-border remittances and B2B payments. Mirnas brings unmatched experience in FX, treasury, and crypto, and he's already shown his ability to execute at speed.'
