Galaxy, e& Bet Big on Fuze—Should You?
If you’ve been watching the digital assets space closely in the Middle East and Turkey, you’ve likely come across Fuze—the name that’s rapidly becoming synonymous with innovation in digital asset infrastructure. Now, the fast-growing startup has just hit a major milestone: a US$12.2 million Series A funding round.
The round was led by some serious heavyweights—Galaxy, a global leader in digital assets and data centre infrastructure, and e& capital, the investment arm of regional tech giant e&. Their involvement is not just about capital—it's a powerful validation of Fuze’s vision and strategy.
So, what exactly is Fuze doing that has investors and institutions so excited?
Founded in 2023, Fuze is building what it calls Digital Assets-as-a-Service—a turnkey infrastructure platform that lets banks, fintechs, and traditional businesses across MENA and Turkey easily and compliantly offer digital asset services to their customers. Think crypto wallets, tokenised assets, and now even stablecoins products—all white-labeled and fully regulated. They've also launched FuzePay, expanding into the payments space, and run an Over-The-Counter trading desk, helping institutions handle high-volume trades with confidence.
And here’s a jaw-dropping stat: in just one year, Fuze has already processed over US$2 billion in digital asset volume.
Speaking about the momentum, Mo Ali Yusuf, CEO and Co-Founder of Fuze, shared:
“We’re seeing a huge surge in demand. In the next 12 months, we believe every financial institution and business will be leveraging some type of crypto or stable coin capability. With Galaxy and e& by our side, we’re now positioned to accelerate product development, compliance, and hiring, and scale regionally and internationally.”
Galaxy’s own Leon Marshall, CEO of Galaxy Europe, echoed that sentiment, saying:
“We are thrilled to partner with Fuze. The Middle East—especially the UAE—is fast becoming a global hub for digital asset innovation. Fuze is right at the heart of it, advancing the infrastructure that will make widespread adoption possible.”
What makes this even more compelling is the backing from Further Ventures, the ADQ-supported venture firm that’s been with Fuze since day one. According to Mohamed Hamdy, Managing Partner:
“This Series A isn’t just a win for Fuze, it’s a win for the broader digital asset ecosystem in the region. We’re excited to welcome top-tier investors to join us on this journey.”
Even from a broader tech perspective, Fuze is making strategic sense. Harrison Lung, Group Chief Strategy Officer at e&, explained:
“This aligns beautifully with our fintech portfolio—e& money, Wio, Careem Pay. Fuze understands the long game and is building the infrastructure that will define the next generation of financial services.”
As Fuze looks ahead to international expansion, deeper regulatory collaboration, and a more robust product suite, it’s clear: this is not just a company to watch—it’s one that’s actively shaping the future of finance in the region.
Want to know where digital assets are heading in MENA and Turkey? Fuze is pointing the way.
