{"id":103255,"date":"2025-05-02T00:00:00","date_gmt":"2025-05-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/fuze-raises-usd-12-2-mn-to-power-mena-expansion\/"},"modified":"2025-05-02T00:00:00","modified_gmt":"2025-05-02T00:00:00","slug":"fuze-raises-usd-12-2-mn-to-power-mena-expansion","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2025\/05\/02\/fuze-raises-usd-12-2-mn-to-power-mena-expansion\/","title":{"rendered":"Fuze raises USD 12.2 mn to power MENA expansion"},"content":{"rendered":"

Abu Dhabi-based blockchain infrastructure startup <\/strong>Fuze<\/a><\/strong> raised USD 12.2 <\/strong>mn in a <\/strong>Series A round<\/strong> led by Galaxy<\/a> and e& Capital, with participation from Further Ventures, the company said in a press release (pdf)<\/a>. The funding will support Fuze\u2019s regional and international expansion, accelerate product innovation, and boost hiring. Fuze had previously raised USD 14 mn<\/a> in a seed round led by Further Ventures.<\/p>\n

Already locked and licensed: <\/strong>In 2023<\/a> Fuze secured a virtual assets service provider (VASP) license, and last week<\/a>, it received CBUAE approval for a retail payment services and card schemes license, allowing it to launch payment products for businesses like fraud detection and virtual IBANs.<\/p>\n

Local partnerships:<\/strong> Fuze recently partnered with digital Islamic community bank ruya<\/a> on a shariah-compliant virtual asset investment services, as well as with digital assets fund manager Klumi<\/a> on implementing digital asset infrastructure for financial services providers.<\/p>\n

About Fuze:<\/strong> Founded in 2023 by Mo Ali Yusuf (LinkedIn)<\/a>, Arpit Mehta (LinkedIn)<\/a>, and Srijan Shetty (LinkedIn)<\/a>, Fuze offers Digital Assets-as-a-Service (DAaaS) infrastructure, enabling financial entities to offer regulated digital asset products. It also operates an OTC trading desk for large-scale crypto transactions, recently expanded into payments through FuzePay, and processed over USD 2 bn in digital asset volumes over the past year.<\/p>\n","protected":false},"excerpt":{"rendered":"

The round was led by Galaxy and e& Capital<\/p>\n","protected":false},"author":1,"featured_media":103256,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1548],"tags":[84,223,78,1012],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-103255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-e","tag-fuze","tag-startup-watch","tag-virtual-assets-regulatory-authority","wpautop","entry"],"acf":{"mongo_id":"291e8f41-191c-4b7b-9bf4-d29dec9e2792","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1651.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fuze raises USD 12.2 mn to scale digital asset infrastructure across MENA, Turkey","related_issue":[103237],"teaser":"The round was led by Galaxy and e& Capital","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.fede9677-7c82-40d0-9c02-eed406c240a1.mp3"},"yoast_head":"\nFuze raises USD 12.2 mn to power MENA expansion - 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