ChainCatcher report: On October 15, San Francisco-based payment infrastructure company Saber Money announced a strategic investment from Tether and Titan Fund, under Hong Kong’s CMCC Global, with the amount undisclosed. The company provides cross-border remittance services along emerging market corridors to financial institutions, fintech firms, and enterprises, and operates the Indian crypto exchange Mudrex. Saber stated that the funds will be used to deepen existing corridors and expand into emerging markets in Asia-Pacific and the Gulf region, with a focus on obtaining local licenses and establishing banking relationships. Tether CEO Paolo Ardoino said emerging markets represent the next phase of global payments, with stablecoins serving as the essential infrastructure, and noted Saber’s regulatory depth and market access in Asia and the Middle East. Shiau Sin Yen, Co-Founder and Managing Partner of Titan Fund, stated that Asia accounts for approximately 53% of global remittances, and cross-border B2B stablecoin payments are projected to reach $5 trillion by 2035. Saber Money CEO Edul Patel said the company provides stablecoin payment rails to markets such as Asia-Pacific and the Gulf to enable near-instant, 24/7 settlement, and plans to expand into B2B payments including supplier payments, treasury management, and cross-border working capital. Saber Money holds or has obtained licenses, registrations, or authorizations in Canada, the EU, India, and Australia. Over the past nine months, its payment volume has grown more than sixfold, with billions of dollars processed across more than 40 countries, and over 90% of payments settled within one minute. The company is backed by Y Combinator, Nexus Ventures, Tether, and CMCC Global’s Titan Fund. Market data cited by the company indicates that Asia-Pacific accounts for approximately 35% of global payment flows, with South Asia and East Asia & the Pacific collectively receiving over $1 trillion annually in remittances, and the UAE expected to send approximately AED 188 billion in remittances by 2025.
Saber Money Secures Strategic Investment from Tether and Titan Fund
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Summary
Saber Money announced strategic investments from Tether and Titan Fund, a subsidiary of CMCC Global. The company focuses on liquidity and crypto markets, providing cross-border payment solutions for emerging markets. Tether CEO Paolo Ardoino emphasized that stablecoins are essential infrastructure for global payments. Saber Money plans to expand into the Asia-Pacific and Gulf regions, prioritizing AML (Anti-Money Laundering) compliance and local licensing. The company processes billions in payments across more than 40 countries, with 90% settled in under one minute. Investors include Y Combinator and Nexus Ventures.
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