Fuze raises $12.2 Mn in Series A round led by Galaxy and e& Capital

Entrackr · 23d

Fuze Raises $12.2 Mn in Series A Round Led by Galaxy and e& Capital Digital assets infrastructure startup Fuze has raised $12.2 million in a Series A funding round led by Galaxy and e& Capital. Galaxy is a global digital assets and data infrastructure company, and e& is a UAE-based telecom operator. Earlier in September 2023, Fuze had raised $14 million in its seed funding round led by Further Ventures, with participation from Liberty City Ventures. This Series A funding will be used to support international expansion, product development, regulatory compliance, and team growth. Founded in 2023 by Arpit Mehta, Srijan R Shetty, and Mo Ali Yusuf, Fuze offers digital assets-as-a-service infrastructure. The firm enables financial institutions and businesses to provide regulated digital asset services. Fuze also offers stablecoin infrastructure and has expanded into payments. The startup is currently active in MENA and Turkey, where it has processed over $2 billion in digital assets volume. It plans to enter the Indian market and is engaging with local regulators to address the country’s crypto regulatory environment. Its offering allows banks and fintechs to integrate digital asset products in a B2B2C model. The founding team brings experience from firms including Goldman Sachs, VISA, Microsoft, and Checkout.com.