SaturnX Secures $3 Million in Seed Funding
In a significant development for the cryptocurrency and fintech sectors, SaturnX, a UAE-based company specializing in stablecoin solutions, has successfully raised $3 million in seed funding. This round was spearheaded by White Star Capital, with additional contributions from various strategic institutional investors. Founded only five months ago, SaturnX has already made impressive strides, including facilitating over $250 million in transactions and achieving profitability.
Innovative Global Payment Solutions
The firm’s innovative platform offers a global payment API designed specifically for businesses and financial institutions looking to leverage stablecoins. Its services include intelligent foreign exchange routing and regulatory-compliant payment infrastructures, focusing on important remittance channels especially in regions like Southeast Asia and Africa.
Use of New Funding
With the new funding, SaturnX aims to enhance its payment corridors in Southeast Asian nations, including the Philippines, Bangladesh, Indonesia, and Pakistan. Additionally, the capital will be allocated to bolster its compliance infrastructure and refine its enterprise-level API for stablecoin payments.
Positioning for Growth
Furthermore, SaturnX takes advantage of its pre-established liquidity pools for stablecoins and real-time aggregated foreign exchange quotes to support major transactions from the Middle East to South Asia, positioning itself to handle annual trades totaling hundreds of millions of dollars effectively.
“SaturnX is committed to revolutionizing the way businesses access and use stablecoins in their financial operations.”
