Fuze Raises $12.2 Mn In Series A Round Led By Galaxy and e& Capital

Fuze, a digital assets infrastructure startup has raised $12.2 million in a Series A funding round led by Galaxy and e& Capital.

Galaxy is a global digital assets and data company, while e& is a telecom operator based in the UAE.

Fuze said it will use the new funding to grow in current and new international markets. The proceeds will also help speed up product development, ensure compliance and hire top talent.

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Fuze, which operates in the MENA region and Turkey, has processed over $2 billion in digital assets so far. With its founders having Indian roots and strong local connections, the company is now looking to enter the Indian market. It is in talks with regulators to understand the country’s changing crypto rules.

“We will fast-track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption,” said Arpit Mehta, founder at Fuze. “We are seeing a huge surge in demand and we believe that in the near future, every financial institution and business will leverage some type of crypto or stablecoin capability.”

Harrison Lung, group chief strategy officer, e&, said, “There’s a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. This investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation.”

“The region is poised to become a major hub for innovation, with the UAE demonstrating a willingness to develop comprehensive regulatory frameworks for digital assets and Fuze rapidly advancing its digital assets infrastructure,” Leon Marshall, CEO of Galaxy Europe.

About Fuze 

Founded in 2023 by Arpit Mehta, Srijan R Shetty and Mo Ali Yusuf, Fuze offers Digital Assets-as-a-Service, helping banks and businesses provide regulated digital assets to their customers. It has launched a full range of stablecoin tools and recently entered the payments space.

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