Dubai, UAE — April 2025 — UAE-based Fuze, a fast-growing digital assets infrastructure firm, announced today the successful completion of a $12.2 million Series A funding round, bringing its total funding to $20 million.
The round was led by Galaxy, a global leader in digital assets and data center infrastructure, and e& capital, the investment arm of UAE’s e& technology group.
Founded in 2023 by Mo Ali Yusuf, Arpit Mehta, and Srijan R Shetty, Fuze provides Digital Assets-as-a-Service (DAaaS) infrastructure for banks, fintechs, and businesses in MENA and Turkey. The company also offers an OTC trading desk, a full suite of stablecoin infrastructure products, and recently expanded into payments through FuzePay.
The funding will enable Fuze to scale its operations regionally and internationally, accelerate product innovation and compliance, and drive top-tier talent acquisition.
Speaking to Forbes Middle East, CEO Mo Ali Yusuf noted:
“There is growing institutional demand for scalable, compliant digital asset infrastructure. We believe that within the next 12 months, every financial institution and business will be leveraging crypto or stablecoin capabilities.”
Fuze has rapidly gained momentum, attracting over 300 institutional clients, processing over $2.2 billion in transaction volume, and achieving profitability in the past year.
Harrison Lung, Group Chief Strategy Officer at e&, added:
“There’s a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. We’re backing bold companies who understand the long game and are building future-ready digital assets infrastructure.”
