Digital assets infrastructure startup Fuze raises $12.2 million from Galaxy, e&, others

Overview of Fuze

• Startup Name: Fuze
• Founded: 2023
• Founders:
  • Arpit Mehta
  • Srijan R Shetty
  • Mo Ali Yusuf

Funding Rounds

1. Series A Funding

   • Amount Raised: $12.2 million
   • Date: (Exact date not specified, but within recent context)
   • Lead Investors:
     • Galaxy (digital assets and infrastructure firm)
     • e& (UAE-based telecommunications company)
2. Previous Funding Round
   • Amount Raised: $14 million
   • Date: 2023 (Exact timing not specified)
   • Lead Investor: Further Ventures
   • Other Participant: Liberty City Ventures

Use of Funds

Fuze plans to utilize the capital for:

• Expanding into new markets (including India)
• Accelerating product development
• Hiring senior talent

Business Model

Fuze offers a Digital-Assets-as-a-Service platform to enable:

• Integration of regulated digital asset products such as stablecoins, cryptocurrencies, CBDCs, and tokenized assets into services provided by banks and fintechs.

Market Focus

Fuze operates primarily in the Middle East, North Africa, and Turkey and has handled over $2 billion in digital asset volume.

Regulatory Engagement

The company is actively working with Indian regulators as it explores market entry, emphasizing the need for a clean regulatory framework in India.

Industry Context

The funding comes at a crucial time as industry participants seek clarity on regulations governing virtual digital assets in India.

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2025-05-01 08:23:00