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SaturnX Nets $3M Seed Funding, Eyes Bold Expansion into Southeast Asia

Malaz Madani
Malaz Madani

3 min

SaturnX, a UAE-based cryptocurrency startup, raised $3 million in a Seed investment round.

Despite being operational for under six months, SaturnX handled over $250 million in transactions.

The startup provides backend infrastructure for B2B remittance and financial platforms using stablecoins.

Funds raised will aid expansion into Southeast Asia and strengthen regulatory and payment platforms.

SaturnX's rapid growth highlights promising prospects for MENA startups exploring new global markets.

When a startup announces raising millions right after they've barely gotten off the ground, I can't help but raise an eyebrow—it isn't everyday something like that happens in the world of tech entrepreneurship, right? Well, this is exactly what's happened with SaturnX, a UAE–based cryptocurrency startup, who've just grabbed headlines after successfully closing a neat Seed investment round worth $3 million.

Leading the charge on this round was White Star Capital, alongside a mix of strategic investors joining the party. Sure, 3 million dollars might not sound like an astronomical figure compared to some recent fundings we've seen reported on Arageek. But—and believe it or not—the startup hasn’t even been in operation for six months yet. Yep, you heard that right. Less than half a year and they've already handled over 250 million dollars in transactions, and what's even more remarkable is that they're already profitable, according to their recent press release. I reckon that's a pretty remarkable feat by any measure.

But what exactly has made investors chuffed to bits about SaturnX? The startup, launched in early 2024 by Mirnas Brisic, specialises in backend infrastructure based on APIs. Essentially, it allows companies involved in B2B remittance, financial platforms, and other businesses to smoothly integrate transactions using stablecoins—cryptocurrencies pegged typically to traditional currencies like the dollar or euro. I'm not a massive fan of overly techy jargon, but to put it simply: SaturnX is the reliable middle-man infrastructure that streamlines international payments and transfers for businesses, minus the usual headaches.

Now they're looking further afield, with plans already in motion to pump this fresh influx of funds into expanding into new payment corridors across Southeast Asia. Countries like the Philippines, Indonesia, Bangladesh, and Pakistan are firmly on their radar. That said, part of the funding will also go towards strengthening their regulatory infrastructure and enhancing their integrated institutional payment platform. Given how quickly they're expanding, sorting regulatory compliance early is definitely spot on.

From where I’m sitting here at Arageek, I can’t resist feeling quietly optimistic about SaturnX’s prospects. Startups from the MENA region branching out successfully to markets as vibrant as Southeast Asia? That's exactly the sort of cross-border dynamism we've always championed—they're certainly ticking all the right boxes.

Of course, the startup scene can be unpredictable, and scaling quickly isn't without its hiccups or faffs. Nevertheless, SaturnX seems to have set itself on solid foundations. If they manage to maintain their momentum and stay agile, they could well prove to be one MENA startup worth watching. Watch this spcae closely… erm, I mean space!

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