Fuze Secures $12M Series A Funding for MENA Expansion
Deal News | May 01, 2025 | Zawya
Fuze, a rapidly growing digital assets infrastructure firm specializing in MENA and Turkey, has successfully raised $12.2 million in a Series A funding round. The investment was led by Galaxy, a well-regarded leader in digital assets, and e& capital, a venture capital division of the technology conglomerate e&. This new capital is aimed at supporting Fuze's expansion into new markets across the Middle East and Turkey, fueling their product development, regulatory compliance, and enhancing their talent recruitment efforts. Fuze's strategic partnerships with Galaxy and e& are expected to bolster their position as a leading provider in the digital assets space. As part of its expansion, Fuze has launched new stablecoin products and entered the payments field with FuzePay. Furthermore, Fuze has processed over $2 billion in digital assets transactions and aims to facilitate the integration of digital assets into the offerings of traditional banks and fintech companies. Key players in this venture include Mo Ali Yusuf, CEO of Fuze, who emphasizes the opportunity to leverage digital assets to meet growing market demand. The involvement of Further Ventures as an early backer also underscores the firm's long-term vision and growth potential.
Sectors
- Financial Services
- Venture Capital
- Technology
Geography
- Middle East – The article emphasizes the region's growth potential and regulatory framework for digital assets, specifically highlighting MENA.
- Turkey – Turkey is one of the primary markets for expansion as targeted by Fuze's digital asset infrastructure endeavors.
- United Arab Emirates – UAE is highlighted as a hub for digital innovation and a central point for Fuze’s regional operations.
Industry
- Financial Services – The article discusses investments in digital asset infrastructure, targeting financial institutions and fintechs with products like stablecoins and OTC trading.
- Venture Capital – The article covers a Series A funding round led by prominent venture capital firms aiming to invest in innovative digital asset technology.
- Technology – The focus on digital assets involves cutting-edge technology services that modernize financial transactions and payment systems.
Financials
- $12.2 million – The total amount raised in Fuze's Series A funding round, led by Galaxy and e& capital.
- $2 billion – The total volume of digital assets processed by Fuze in the past year.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Fuze | Target Company | Company | A digital assets infrastructure provider operating in MENA and Turkey, offering services like Digital Assets-as-a-Service and stablecoin infrastructure. |
| Galaxy | Investor | Company | A global leader in digital assets and data center infrastructure, participating in Fuze's Series A funding. |
| e& capital | Investor | Company | The venture capital arm of e&, participating in Fuze’s Series A funding to support technological growth. |
| Further Ventures | Early Supporter | Company | An ADQ-backed venture builder that supported Fuze since its inception. |
| Mo Ali Yusuf | CEO and Co-Founder | Person | CEO of Fuze, focusing on strategic growth and integration of digital assets. |