In a big leap toward making digital finance more accessible and secure, digital assets infrastructure startup Fuze has raised $12.2 million in a Series A round led by Galaxy and e& Capital. The funding is a strong vote of confidence in the Dubai-based startup’s mission to power the next generation of financial services with robust digital asset solutions.
Galaxy, a global player in digital assets and data infrastructure, and e&, a leading telecom operator in the UAE, bring both capital and strategic alignment to Fuze’s vision. This fresh infusion of funds will be channelled into expanding Fuze’s presence internationally, building new products, ensuring compliance with evolving regulations, and scaling up its team.
Founded just last year in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze isn’t just another crypto startup. It provides digital assets-as-a-service, empowering traditional financial institutions and businesses to seamlessly offer regulated crypto services to their users. From stablecoins to payment rails, Fuze is building the digital infrastructure that can support the future of money.
This isn’t Fuze’s first major funding milestone. In September 2023, the startup raised $14 million in a seed round led by Further Ventures and Liberty City Ventures. Since then, the company has grown rapidly across the Middle East and Turkey, processing over $2 billion in digital asset volume — a remarkable feat in less than a year.
Now, Fuze is setting its sights on India, a market brimming with potential but also complex in its regulatory landscape. The company is actively engaging with Indian regulators to understand how it can enter responsibly and compliantly.
What sets Fuze apart is its B2B2C model, allowing banks and fintechs to plug into its digital asset infrastructure and bring new products to end users without building everything from scratch. Its founding team brings credibility and expertise, with past stints at Goldman Sachs, VISA, Microsoft, and Checkout.com.
As digital assets continue to evolve, Fuze’s latest raise underscores the growing importance of infrastructure players who can bridge the gap between traditional finance and the crypto world — safely, securely, and at scale.
