Abu Dhabi-based fintech startup Fuze secures strategic investment from Galaxy and e& Capital to drive innovation in digital finance
Fuze, a fast-growing digital assets infrastructure platform, has raised $12.2 million in a Series A funding round led by Galaxy, a global leader in digital asset and blockchain innovation, and e& Capital, the investment arm of the UAE-based technology and telecom group e& (formerly Etisalat).
This latest funding round aims to accelerate Fuze’s growth in key markets including India, the Middle East, and Turkey, while strengthening its product suite, compliance frameworks, and talent acquisition efforts.
What Fuze Does: Simplifying Digital Assets for Institutions
Fuze operates as a B2B fintech infrastructure company offering a platform that enables banks, fintechs, and enterprises to seamlessly integrate digital assets into their products and services. Through its Digital Assets-as-a-Service model, Fuze provides tools for businesses to launch or embed services involving:
- Stablecoins (like USDC and USDT)
- Cryptocurrencies (e.g., Bitcoin, Ethereum)
- Central Bank Digital Currencies (CBDCs)
- Tokenized assets (like tokenized real estate or securities)
Fuze simplifies complex blockchain architecture, regulatory compliance, and wallet management—enabling institutions to bring crypto-based products to market faster and more securely. By offering white-label solutions and over-the-counter (OTC) trading capabilities, Fuze positions itself as a key enabler of the digital asset economy across regulated markets.
Empowering Institutions with Digital Asset Solutions
Founded in December 2022 by Mo Ali Yusuf (CEO), Arpit Mehta (COO), and Srijan Shetty (CTO), Fuze provides regulated digital assets-as-a-service infrastructure. The platform enables banks, fintechs, and traditional enterprises to integrate cryptocurrencies, stablecoins, and tokenized assets into their financial offerings.
With operations already active across the Middle East, North Africa (MENA), and Turkey, Fuze has processed over $2 billion in digital assets. The company is now preparing to expand its presence in India, leveraging the founders’ local roots and engaging with regulators to align with the country’s evolving crypto landscape.
Backing from Global Leaders in Digital Finance
The Series A investment reflects strong backing from global digital finance leaders.
Leon Marshall, CEO of Galaxy Europe, remarked,
“Fuze is creating the essential infrastructure required to support regulated digital assets. As the MENA region becomes a global hub for innovation and regulation in crypto, Fuze is well-positioned to lead.”
Harrison Lung, Group Chief Strategy Officer of e&, emphasized Fuze’s synergy with e&’s fintech ventures:
“From e& money to Wio and Careem Pay, Fuze aligns with our broader vision. This investment supports companies building for the long game in digital financial services.”
Fuze is also supported by Further Ventures, an ADQ-backed venture capital firm that led the company’s $14 million seed round in 2023—the largest for a digital assets startup in MENA.
Mohamed Hamdy, Managing Partner at Further Ventures, added,
“It’s rare to see a fintech scale this fast with a strong regulatory foundation. Fuze is exactly the kind of bold company we look to back long-term.”
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Strategic Partnerships Fuel Global Reach
Fuze has entered into key strategic partnerships to enhance its global reach and product capabilities:
- In December 2023, Fuze signed an MoU with Circle, the issuer of USDC stablecoin, to expand its adoption across the Middle East and Africa.
- In April 2024, Fuze announced a collaboration with Tether to promote digital asset education and cross-border payments in Turkey and the Middle East.
These partnerships support Fuze’s mission to provide white-label solutions for stablecoins, crypto, and central bank digital currencies (CBDCs), simplifying blockchain and compliance complexity for its enterprise clients.
India in Focus Amid Rising Global Demand
India, a rapidly growing digital economy, is a strategic priority for Fuze. The company is actively engaging with Indian policymakers to align with regulatory developments and unlock opportunities in payments, remittances, and financial inclusion.
Mo Ali Yusuf, CEO of Fuze, said,
“We see massive potential in India and beyond. This funding will fast-track our mission to help every business and bank integrate digital assets with ease. The future of finance is digital—and it’s global.”
Positioned to Lead in the $566 Billion MENA Digital Asset Market
Fuze’s expansion comes as the MENA digital asset market continues to flourish, now valued at over $566 billion and growing at a staggering 48% year-on-year, according to PR Newswire.
With strong regional demand, a regulatory-first approach, and high-profile backers, Fuze is emerging as a pivotal player in shaping the next generation of regulated digital financial infrastructure.
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