Fuze Raises $12.2 Million in Series A to Expand Digital Assets Infrastructure
Digital assets infrastructure firm Fuze has successfully secured $12.2 million during its Series A funding round, spearheaded by Galaxy and e& Capital. Galaxy operates as a prominent global entity in digital assets and data infrastructure, while e& is a renowned telecom provider based in the UAE.
In September 2023, Fuze previously raised $14 million in a seed funding round, which was led by Further Ventures and also received investment from Liberty City Ventures.
This latest Series A funding will be directed towards enhancing international growth, advancing product development, ensuring regulatory compliance, and expanding the team.
Established in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze provides digital assets-as-a-service infrastructure. This enables financial institutions and businesses to deliver regulated digital asset services efficiently. Additionally, Fuze offers stablecoin infrastructure and has broadened its services to include payments.
The startup is currently operational in the MENA region and Turkey, where it has managed to process over $2 billion in digital assets transactions. Fuze is planning to make inroads into the Indian market and is in discussions with local regulators to navigate the nation’s cryptocurrency regulatory landscape.
Fuze’s offerings allow banks and fintech companies to seamlessly integrate digital asset products using a B2B2C model. The founding team brings a wealth of experience from prestigious firms such as Goldman Sachs, VISA, Microsoft, and Checkout.com.
