Big news in the Middle East fintech space: UAE-based digital asset infrastructure firm Fuze has raised $12.2 million in a Series A funding round. The round was co-led by Galaxy (a global leader in digital assets) and e& capital, with continued support from Further Ventures, an early backer of the company.
Founded in 2023 by Mo Ali Yusuf, Arpit Mehta, and Srijan Shetty, Fuze is on a mission to power the next generation of digital financial services. In just over a year, it has processed over $2 billion in digital assets volume—and that’s just the beginning.
Fuze’s Offering — Digital Assets-as-a-Service
Fuze provides cutting-edge infrastructure that allows banks, fintechs, and traditional businesses to offer digital assets to their customers in a regulated and seamless way. Their core services include:
- âś… Digital Assets-as-a-Service
- âś… OTC (Over-The-Counter) trading desk
- âś… Stablecoin infrastructure
- ✅ FuzePay – their latest push into crypto-powered payments
With crypto adoption accelerating across the MENA and Turkey regions, Fuze positions itself as the go-to partner for institutions wanting to embrace digital currencies safely and at scale.
Funding Fuels Global Expansion
This fresh round of funding will aim at:
- âś… Expand across the MENA region and globally
- âś… Develop new digital asset products
- âś… Ensure continued compliance with global regulations
- âś… Hire top-tier talent to scale operations
CEO and Co-founder Mo Ali Yusuf shared:
“We’re seeing a massive surge in demand. Within the next 12 months, every financial institution will likely be integrating some form of crypto or stablecoin capability. With Galaxy and e& backing us, we’re moving faster than ever toward that future.”
Backers Believe in Fuze’s Vision
Leon Marshall, CEO of Galaxy Europe:
“Fuze is building critical infrastructure in one of the world’s most dynamic regions. The UAE’s progressive regulation sets the stage for serious innovation.”
Mohamed Hamdy, Managing Partner at Further Ventures:
“Fuze has the team and tech to lead the digital asset revolution. We’ve believed in their vision from day one.”
Harrison Lung, Group CSO at e&:
“This partnership aligns with our broader fintech ecosystem—Fuze fits perfectly alongside e& money, Careem Pay, and others. We’re in this for the long run.”
Why This Matters
With over $2 billion processed, deep ties to regulators, and a suite of scalable products, Fuze is quickly becoming a key enabler of regulated crypto adoption in emerging markets. The company is not only building tech. It is also the trust infrastructure needed to bring digital assets into the mainstream.
As Fuze ramps up its global ambitions, it’s clear the startup is on a path to becoming a dominant force in digital finance—not just in the Middle East, but worldwide.