Saber Money, a payment infrastructure company headquartered in San Francisco, said on Oct. 15 that it has received a strategic investment from Tether and Titan Fund, a fund under Hong Kong-based CMCC Global. The company did not disclose the amount.
Saber Money provides cross-border remittance services in emerging market corridors for financial institutions, fintech companies, and enterprises. It also operates Mudrex, a crypto exchange in India. The company said it will use the funding to deepen its existing corridors and expand into emerging markets across Asia-Pacific and the Gulf, with local licensing and banking relationships as key priorities.
Expansion plans center on Asia-Pacific and the Gulf
Chief executive Edul Patel said Saber Money offers stablecoin payment rails to markets including Asia-Pacific and the Gulf to enable near-instant, around-the-clock settlement. He added that the company plans to expand into B2B payment use cases including supplier payments, treasury management, and cross-border working capital.
Saber Money said it holds or has obtained licenses, registrations, or authorizations in Canada, the European Union, India, and Australia.
Backers point to remittance and stablecoin payment demand
Tether CEO Paolo Ardoino said emerging markets are the next stage of global payments and that stablecoins are the infrastructure for that shift. He said Saber has regulatory depth and market access in Asia and the Middle East.
Shiau Sin Yen, co-founder and managing partner of Titan Fund, said Asia accounts for about 53% of global remittances. He added that cross-border B2B stablecoin payments are expected to reach $5 trillion by 2035.
Company shares transaction and market figures
Saber Money said its payment volume has grown more than sixfold over the past nine months. It said it has processed billions of dollars in payments across more than 40 countries, with more than 90% of payments completed within one minute.
The company listed Y Combinator, Nexus Ventures, Tether, and CMCC Global’s Titan Fund among its backers.
Saber Money also cited market data showing that Asia-Pacific accounts for about 35% of global payment flows. South Asia, East Asia, and the Pacific together receive more than $1 trillion annually, while the United Arab Emirates is projected to send about 188 billion dirhams in remittances in 2025.