UAE-based crypto startup SaturnX has raised $3 million in a seed funding round to help grow its business.
The round was led by White Star Capital, with support from several other strategic investors.
SaturnX will use the new funding to grow its business into more countries in Southeast Asia, such as the Philippines, Bangladesh, Indonesia, and Pakistan
The company also plans to improve its systems to meet regulations and continue building its stablecoin-based payment platform for large financial transactions.
Founded in 2024 by Mernas Brešić, SaturnX provides the technology behind the scenes (using APIs) to help money transfer companies, businesses, and financial platforms send money between institutions.
Even though SaturnX has been running for less than six months, it has already processed over $250 million in transactions.
The company has been profitable from day one, showing strong early performance.
Read more- Physis Capital Raises Over INR 200 Crore in Funding
