UAE-based Fuze raises $12.2 million Series A from Galaxy and e& Capital to scale its digital assets infrastructure

Fuze, a UAE-based regulated digital assets infrastructure provider serving the Middle East and Turkey, has raised $12.2 million in a Series A round led by Galaxy and e& capital, the investment arm of UAE-based tech group e&. The round also included participation from Further Ventures, the ADQ-backed venture builder that supported Fuze from inception.

Founded in 2023 by Mo Ali Yusuf (CEO), Arpit Mehta (COO), and Srijan R Shetty (CTO), Fuze enables banks, fintechs, and enterprises to embed regulated crypto and stablecoin products through its Digital Assets-as-a-Service platform. It also operates a 24/7 institutional-grade OTC desk, and recently expanded into payments infrastructure with the launch of FuzePay.

Earlier this week, Fuze announced it had secured a Retail Payment Services and Card Schemes (RPSCS) license from the Central Bank of the UAE, enabling it to offer regulated card payment services. The license will allow businesses to accept card payments and access tools like virtual IBANs, AI-driven fraud detection, and real-time settlements – extending Fuze’s offering beyond crypto into fiat payments under one infrastructure stack.

Fuze’s API-driven infrastructure allows platforms to integrate digital asset capabilities such as trading, lending, custody, and loyalty programs – without managing compliance, liquidity, or security in-house. To date, the company has processed over $2 billion in digital asset volume.

The Series A funding will accelerate Fuze’s regional and international expansion, support continued product innovation and regulatory compliance, and enable top-tier hiring as it scales.

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