BREAKING:

UAE’s Saturnx Secures $3M Seed Round Led by White Star Capital to Boost Stablecoin Payments

Saturnx, a UAE-based stablecoin payments infrastructure company, has successfully closed a $3 million seed funding round. The investment was led by the global venture capital firm White Star Capital, with participation from other strategic institutional investors, and will be used to expand the company’s services across the vital Gulf to South Asia payment corridor.

A B2B Platform for a Vital Economic Corridor

Founded by Mirnas Brescic, Saturnx is building the critical infrastructure for the next generation of cross-border payments. The UAE-based company operates as an API layer for other B2B money transmitters and financial platforms. By pre-funding stablecoin liquidity pools in key markets and aggregating foreign exchange (FX) pricing in real-time, Saturnx enables faster, more efficient, and more transparent financial transactions between the two regions.

Backed by Global and Strategic Investors

The leadership of a global firm like White Star Capital in this seed round signifies strong international confidence in the vision and technology of the UAE-based startup. The participation of other strategic institutional investors further validates Saturnx’s approach to solving complex challenges in the cross-border payments space.

Fueling Strategic Expansion

The $3 million in new capital will be used to accelerate Saturnx’s growth. The company plans to invest in further developing its technology, enhancing its regulatory compliance frameworks through new partnerships, and expanding its operational footprint by pre-funding more liquidity pools in key markets across the Gulf and South Asia.

About Saturnx

Saturnx is a fintech company headquartered in the United Arab Emirates. It provides a B2B stablecoin payments infrastructure platform that functions as an API layer for money transmitters and financial institutions, facilitating seamless and efficient cross-border payments, particularly between the GCC and South Asia.

The Future of Payments in the UAE

This funding round highlights the UAE’s growing role as a hub for innovative fintech companies that are building global solutions. By leveraging technologies like stablecoins, local startups like Saturnx are contributing to a more modern and efficient financial ecosystem, reinforcing the UAE’s position as a leader in international finance and trade.

Looking Ahead

With this new funding, Saturnx is well-positioned to capture a significant share of the multi-billion dollar remittance and B2B payment market between the Gulf and South Asia. The company’s focus on building robust, compliant, and efficient payment rails is set to make it a key infrastructure provider for the entire region.

Source: Wamda

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