Latest news with #WhiteStarCapital
Yahoo
25-06-2025
- Health
- Yahoo
Elfie raises $12m to expand access to free digital therapeutics for all diseases
NEW YORK, June 25, 2025 /PRNewswire/ -- Elfie, the free digital health super-app that rewards people for taking care of their health, today announced the closing of its $12m Series A funding round. The round was led by White Star Capital with participation from LifeX Ventures and follow-on support from Integra Partners, FEBE Ventures, and Hustle Fund. Elfie is on a mission to make healthy living easier, and more rewarding, for the millions of people living with chronic conditions and for those who just want to monitor their health. By combining self-monitoring tools, AI-driven coaching, and real-world rewards, Elfie empowers users to stay on track with their treatment plans and build better health habits. Non-communicable diseases account for over 70% of deaths globally, and 75% of healthcare spend in the US, creating urgency for scalable, patient-centric solutions that bridge gaps in traditional care models. "It's a privilege to lead a company with such meaningful social impact. Thanks to our strategic partnerships with the pharmaceutical industry, we're able to offer the world's most complete and engaging health app, for free. We believe the only scalable way to fight the global pandemic of non-communicable conditions is to make self-monitoring fun, rewarding, and accessible to all," said Ofir Ejnes, CEO & co-founder of Elfie. "That's our mission: to encourage everyone, everywhere, to take charge of their health. This funding round marks a significant milestone as we scale our impact through deeper collaborations with insurers and employers." Since its launch in 2021, Elfie has grown to over 700,000 users across four continents, helping individuals self-manage chronic illnesses like obesity, IBS, IBD, high blood pressure, high cholesterol, and diabetes. The app's unique approach combining clinically validated interventions with gamification mechanics and behavioral science has driven 30%+ improvement in adherence for key pharmaceutical partners and measurable health improvements among users. Users are rewarded for completing simple but critical actions such as monitoring health metrics like blood pressure or glucose levels, logging medication, and engaging with educational content. This continuous positive reinforcement encourages sustained participation and leads to better health outcomes over time. Elfie's rapid traction has already led to multimillion-dollar partnerships with global pharma leaders. These partnerships aim to improve treatment adherence for patients with chronic conditions, while generating real-world data to support market access and ongoing research. In parallel, Elfie is also piloting programs with global insurance carriers, aiming to reduce medical claim costs and loss ratios through better health awareness and medication adherence. "Elfie is tapping into three enormous markets, pharma, insurance, and clinical research, at exactly the right time," said Eric Martineau-Fortin, Managing Partner at White Star Capital. "They've built a scalable, data-driven platform that improves outcomes for patients while creating measurable ROI for partners. We're thrilled to support their next phase of growth." With this fundraise, Elfie plans to accelerate user acquisition through new pharma and insurance partnerships, expand the team in the United States, adding talent in product, engineering, and go-to-market, and launch Elfie Research, a decentralized clinical trial platform to generate real-world evidence and support clinical innovation. Elfie's app is currently available across 35 countries, with plans to scale to 10 additional countries by the end of 2025. The app is medically approved across multiple regions and remains 100% free for users, with all revenue generated through enterprise partnerships. About ElfieElfie is the super-app for better health. Free for all and backed by science, Elfie empowers people to take control of their chronic conditions through smart tracking, personalized coaching, and real rewards. Whether you're managing hypertension, tracking medications, or just trying to build healthier habits, Elfie helps make it stick. It pays to get better. Learn more at Media Contactmedia@ View original content: SOURCE Elfie Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
20-06-2025
- Business
- Zawya
SaturnX closes $3mln funding round to expand in Southeast Asia
UAE – SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors, according to a press release. The funding will support the UAE-based infrastructure provider's expansion into Southeast Asian corridors, such as the Philippines, Bangladesh, and Pakistan. This is in addition to improving regulatory compliance and building out its enterprise-grade API platform to meet rising demand for digital dollar transfers in emerging markets. Established in 2024, SaturnX is a stablecoin payments infrastructure company that acts as an API layer for business-to-business (B2B) money transmitters and financial platforms. The platform serves as a behind-the-scenes API layer for B2B money transmitters, corporates and financial platforms. In just five months of operation, the company has already processed over $250 million in transaction volume while maintaining profitability. Mirnas Brescic, CEO and Founder of SaturnX, commented: "Our vision is to connect the worlds of decentralized and traditional finance with infrastructure that brings the benefits of stablecoins to everyday financial use cases." "Despite considerable progress, cross-border payments are still expensive and slow. By offering a faster, cheaper, and programmable alternative, we are helping financial partners unlock better ways to move money, starting with the world's largest remittance corridors,' Brescic added. With more than $600 billion in global annual remittance flows and rising demand for digital dollars in emerging markets, SaturnX is set to become a critical backend provider for the future of borderless payments.
CairoScene
19-06-2025
- Business
- CairoScene
Dubai-Based SaturnX Raises $3M to Expand Stablecoin Payment Network
Headquartered in Dubai, SaturnX has raised $3 million in seed funding to grow its enterprise-grade stablecoin infrastructure across MENA and Southeast Asia. Jun 19, 2025 Dubai-based stablecoin infrastructure startup SaturnX has raised $3 million in a seed round led by White Star Capital, with participation from strategic institutional investors. The company operates behind the scenes to power stablecoin-based cross-border payments, particularly along corridors linking the Gulf region to South and Southeast Asia. Founded by Mirnas Brescic—who previously held roles at Rain, Bitpanda, and the International Atomic Energy Agency—SaturnX serves B2B money transmitters, corporates, and financial platforms with a proprietary API layer for seamless digital dollar transfers. Since its launch just five months ago, the company has processed over $250 million in transaction volume while maintaining profitability. The new funding will support SaturnX's expansion into emerging remittance corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, and Pakistan. It will also be used to bolster regulatory compliance and enhance the company's core platform. SaturnX's flagship corridor links the Gulf to South Asia, a region that accounts for hundreds of millions in remittance volume annually. By pre-funding liquidity pools in key markets and aggregating real-time FX rates, the platform offers instant, low-cost transfers for financial institutions and global remittance providers. With global remittance flows exceeding $600 billion and rising demand for stable digital currencies, SaturnX is positioning itself as an infrastructure provider for the evolving cross-border payments landscape in the MENA and Asia regions.
Wamda
18-06-2025
- Business
- Wamda
SaturnX closes $3 million seed to expand Gulf–South Asia payment corridor
UAE-based infrastructure provider SaturnX has raised $3 million in seed funding, led by White Star Capital with participation from institutional investors. Founded in 2024 by Mirnas Brescic, SaturnX is a stablecoin payments infrastructure company that acts as an API layer for B2B money transmitters and financial platforms. The funding will support SaturnX's expansion into Southeast Asian corridors such as the Philippines, Bangladesh, and Pakistan while enhancing regulatory compliance and building out its enterprise-grade API platform to meet rising demand for digital dollar transfers in emerging markets. Press release: SaturnX, the infrastructure provider for stablecoin-based cross-border payments, today announced the closing of a $3 million seed round. The round was led by White Star Capital, with participation from strategic institutional investors. Mirnas Brescic, CFA - CEO and Founder of SaturnX Founded by Mirnas Brescic, who brings 15 years of experience in FX, treasury, and digital assets across institutions like Rain, Bitpanda and the IAEA, SaturnX serves as a behind-the-scenes API layer for B2B money transmitters, corporates and financial platforms. In just five months of operation, the company has already processed over $250 million in transaction volume while maintaining profitability. The capital will be used to accelerate SaturnX's expansion into new payment corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, and Pakistan; strengthen regulatory infrastructure; and continue building its end-to-end API platform for enterprise-grade stablecoin payments. With more than $600 billion in global annual remittance flows and rising demand for digital dollars in emerging markets, SaturnX is positioned to become a critical backend provider for the future of borderless payments by modernising how money moves across borders, offering instant, low-cost stablecoin transfers for financial institutions, fintechs, and global remittance providers. "Our vision is to connect the worlds of decentralised and traditional finance with infrastructure that brings the benefits of stablecoins to everyday financial use cases," said Mirnas Brescic, CEO and Founder of SaturnX. "Despite considerable progress, cross-border payments are still expensive and slow. By offering a faster, cheaper, and programmable alternative, we're helping financial partners unlock better ways to move money, starting with the world's largest remittance corridors." The company pre-funds stablecoin liquidity pools in key markets, aggregates FX pricing in real time, and ensures regulatory compliance via partnerships and licensing pathways. Its flagship corridor, from the Gulf region to South Asia, collectively enables hundreds of millions in annual volume. "We're excited to back SaturnX at the forefront of a new payment infrastructure layer," said Sep Alavi, General Partner at White Star Capital. "They're operating in one of the most strategically important corridors globally, solving a massive pain point for cross-border remittances and B2B payments. Mirnas brings unmatched experience in FX, treasury, and crypto, and he's already shown his ability to execute at speed."
Finextra
17-06-2025
- Business
- Finextra
Stablecoin infrastructure startup SaturnX raises $3 million
SaturnX, the infrastructure provider for stablecoin-based cross-border payments, today announced the closing of a $3 million seed round. 0 The round was led by White Star Capital, with participation from strategic institutional investors. Founded by Mirnas Brescic, who brings 15 years of experience in FX, treasury, and digital assets across institutions like Rain, Bitpanda and the IAEA, SaturnX serves as a behind-the-scenes API layer for B2B money transmitters, corporates and financial platforms. In just five months of operation, the company has already processed over $250 million in transaction volume, while maintaining profitability. The capital will be used to accelerate SaturnX's expansion into new payment corridors in Southeast Asia, including the Philippines, Bangladesh, Indonesia, Pakistan, strengthen regulatory infrastructure, and continue building its end-to-end API platform for enterprise-grade stablecoin payments. With more than $600 billion in global annual remittance flows and rising demand for digital dollars in emerging markets, SaturnX is positioned to become a critical backend provider for the future of borderless payments by modernising how money moves across borders, offering instant, low-cost stablecoin transfers for financial institutions, fintechs, and global remittance providers. 'Our vision is to connect the worlds of decentralised and traditional finance with infrastructure that brings the benefits of stablecoins to everyday financial use cases,' said Mirnas Brescic, CEO and Founder of SaturnX. 'Despite considerable progress, cross-border payments are still expensive and slow. By offering a faster, cheaper, and programmable alternative, we're helping financial partners unlock better ways to move money, starting with the world's largest remittance corridors.' The company pre-funds stablecoin liquidity pools in key markets, aggregates FX pricing in real time, and ensures regulatory compliance via partnerships and licensing pathways. Its flagship corridor, from the Gulf region to South Asia, collectively enables hundreds of millions in annual volume. 'We're excited to back SaturnX at the forefront of a new payment infrastructure layer,' said Sep Alavi, General Partner at White Star Capital. 'They're operating in one of the most strategically important corridors globally, solving a massive pain point for cross-border remittances and B2B payments. Mirnas brings unmatched experience in FX, treasury, and crypto, and he's already shown his ability to execute at speed.'
