Fuze is a startup offering a blockchain infrastructure platform for businesses to create crypto solutions. The startup has secured 12.2 million USD in its ongoing series A funding round. Galaxy and UAE-based telecom operator firm e& Capital co-led the funding round with the participation of other investors. The startup plans to use these fresh proceeds to scale its operations, grow its team, support international expansion, enhance its product development, and meet general corporate purposes while meeting market demands.

The firm will use some of this investment to strengthen its market presence and meet regulatory compliance. The company offers digital assets-as-a-service infrastructure while enabling companies to launch and control digital asset products. The startup provides services that allow businesses to integrate and use digital assets without the need for infrastructure. Fuze provides a 24/7 over-the-counter (OTC) platform to trade digital assets. The firm plans to expand internationally and enter the Indian market.

The company has secured around $26 million across two funding rounds since its inception. This includes $14 million raised from Further Ventures, Liberty City Ventures, and other investors during its seed funding round. The startup aims to remove the gap between the traditional financial world and the digital asset space. The firm works closely with banks and financial institutions to offer innovative crypto and digital asset products through its online platforms. 

Fuze offers banks and financial institutions to integrate digital asset products in the B2B2C models. The startup focuses on providing solutions that are compliant with regulatory frameworks, ensuring that digital asset services are handled responsibly. The UAE-based startup intends to use some of this investment to expand its services. The startup currently offer its services across MENA and Turkey, where it claims to have processed over 2 billion USD in digital asses volume.

This BEB2C firm specializes in providing digital infrastructure to businesses, enabling them to integrate and offer regulated digital assets to customers. The company also offers innovative products like white-labeled digital asset brokerage and reward cards. The development came just after this sector saw increased investor interest. This investment highlights the investor’s trust in Fuze’s market potential and business model. Fuze faces competition from other digital asset and crypto solutions offering firms in the same market segment, like Matrixport, Consensys, and Luno.

Conclusion:

Fuze is a UAE-based B2B2C startup that provides a blockchain infrastructure platform for businesses. The startup raised fresh capital of $12.2 million in its series A round from Galaxy and e& Capital. This is the firm’s second funding round following the $14 million seed funding round from Further Ventures in 2023. The company plans to use this amount to scale up its operations, enhance its team, and meet general corporate purposes. Fuze currently operates in Turkey, the Middle East, and the North Africa region, but it is planning to enter the Indian market. The firm aims to bridge the gap between the traditional and digital financial world.