SaturnX closes $3mln funding round to expand in Southeast Asia.
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.
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.
Source: Zawya