SaturnX Secures $3 Million Funding to Transform Global Remittance Systems Using Stablecoins
In a significant development for the financial technology landscape, SaturnX has announced the successful closure of a $3 million seed funding round to enhance and expand its stablecoin-based payment infrastructure aimed at global remittance markets. This funding has been primarily driven by White Star Capital, alongside participation from several strategic institutional investors, signaling strong confidence in SaturnX's innovative approach to transforming cross-border payments.
Founded by Mirnas Brescic, an industry veteran with 15 years of experience across various financial sectors including foreign exchange (FX), treasury operations, and digital assets, SaturnX operates as a crucial API layer facilitating B2B money transmissions, financial platforms, and corporates. Remarkably, in just five months following its launch, SaturnX has processed an impressive transaction volume exceeding $250 million while maintaining a trajectory of profitability. This rapid success underscores the growing demand for streamlined and efficient payment solutions.
The newly acquired capital is earmarked for several strategic initiatives, particularly to accelerate expansion into key payment corridors throughout Southeast Asia. Notable target markets include the Philippines, Bangladesh, Indonesia, and Pakistan. Additionally, funds will be allocated towards strengthening regulatory infrastructures and advancing SaturnX's end-to-end API platform, which is designed to support enterprise-grade stablecoin payments.
As global remittance flows now exceed $600 billion annually, SaturnX is well-positioned to become an integral provider in the transformation of borderless payment systems. The company aims to modernize how money is transferred internationally by providing instant and low-cost stablecoin transfers to financial institutions, fintech companies, and global remittance service providers.
The company envisions bridging the gap between decentralized and traditional financial systems. Mirnas Brescic emphasized the need for a better alternative to existing cross-border payment solutions, which often involve high fees and delays. "By creating a faster, cheaper, and programmable alternative, we will empower financial partners to discover improved methods for moving money, with a special focus on the largest remittance corridors worldwide," Brescic stated.
To ensure stability and liquidity, SaturnX pre-funds stablecoin liquidity pools in selected markets and aggregates real-time FX pricing while ensuring compliance with regulatory frameworks through strategic partnerships and licensing pathways. The flagship corridor established by SaturnX from the Gulf region to South Asia is already accommodating considerable annual transaction volumes, reflecting its success in delivering critical financial services.
Sep Alavi, a General Partner at White Star Capital, expressed enthusiasm about investing in SaturnX, highlighting its strategic importance in the realm of cross-border transactions. Alavi noted, "They're at the forefront of developing new payment infrastructure that addresses massive pain points within the industry, especially for remittances and B2B payments. Mirnas’s extensive background in FX, treasury, and cryptocurrency showcases his capability to execute swiftly and effectively."
Established in 2024 and headquartered in Dubai, SaturnX is dedicated to enabling businesses and financial institutions to facilitate global money movement through a streamlined API-first platform that utilizes stablecoin liquidity, smart FX routing, and regulatory-compliant payout systems. With its rapid expansion efforts, the company aims to extend its services beyond the Gulf region into South Asia and Africa, proving its commitment to revolutionizing the global financial landscape. For further information about their offerings, visit SaturnX.
Founded by Mirnas Brescic, an industry veteran with 15 years of experience across various financial sectors including foreign exchange (FX), treasury operations, and digital assets, SaturnX operates as a crucial API layer facilitating B2B money transmissions, financial platforms, and corporates. Remarkably, in just five months following its launch, SaturnX has processed an impressive transaction volume exceeding $250 million while maintaining a trajectory of profitability. This rapid success underscores the growing demand for streamlined and efficient payment solutions.
The newly acquired capital is earmarked for several strategic initiatives, particularly to accelerate expansion into key payment corridors throughout Southeast Asia. Notable target markets include the Philippines, Bangladesh, Indonesia, and Pakistan. Additionally, funds will be allocated towards strengthening regulatory infrastructures and advancing SaturnX's end-to-end API platform, which is designed to support enterprise-grade stablecoin payments.
As global remittance flows now exceed $600 billion annually, SaturnX is well-positioned to become an integral provider in the transformation of borderless payment systems. The company aims to modernize how money is transferred internationally by providing instant and low-cost stablecoin transfers to financial institutions, fintech companies, and global remittance service providers.
The company envisions bridging the gap between decentralized and traditional financial systems. Mirnas Brescic emphasized the need for a better alternative to existing cross-border payment solutions, which often involve high fees and delays. "By creating a faster, cheaper, and programmable alternative, we will empower financial partners to discover improved methods for moving money, with a special focus on the largest remittance corridors worldwide," Brescic stated.
To ensure stability and liquidity, SaturnX pre-funds stablecoin liquidity pools in selected markets and aggregates real-time FX pricing while ensuring compliance with regulatory frameworks through strategic partnerships and licensing pathways. The flagship corridor established by SaturnX from the Gulf region to South Asia is already accommodating considerable annual transaction volumes, reflecting its success in delivering critical financial services.
Sep Alavi, a General Partner at White Star Capital, expressed enthusiasm about investing in SaturnX, highlighting its strategic importance in the realm of cross-border transactions. Alavi noted, "They're at the forefront of developing new payment infrastructure that addresses massive pain points within the industry, especially for remittances and B2B payments. Mirnas’s extensive background in FX, treasury, and cryptocurrency showcases his capability to execute swiftly and effectively."
Established in 2024 and headquartered in Dubai, SaturnX is dedicated to enabling businesses and financial institutions to facilitate global money movement through a streamlined API-first platform that utilizes stablecoin liquidity, smart FX routing, and regulatory-compliant payout systems. With its rapid expansion efforts, the company aims to extend its services beyond the Gulf region into South Asia and Africa, proving its commitment to revolutionizing the global financial landscape. For further information about their offerings, visit SaturnX.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.