Fuze Secures Record-Breaking $14 Million Seed Round, Revolutionizing Digital Assets in the MENA Region

Fuze, a digital assets infrastructure provider based in the United Arab Emirates (UAE), has made a groundbreaking achievement by raising $14 million in a seed funding round. Led by Further Ventures, an Abu Dhabi-based investment firm, with participation from Liberty City Ventures in the United States, this investment marks the largest seed funding ever secured by a digital assets startup in the MENA region.

Founded in 2022 by Mohammed Ali Yusuf, Arpit Mehta, and Srijan Shetty, Fuze aims to empower banks, fintech startups, and traditional enterprises to offer regulated digital asset products to their customers. Through its innovative applications, such as Fuze Trader and Fuze Loyalty, banks, brokerages, and superapps can seamlessly provide digital asset products in a secure and user-friendly manner.

Mohammed Ali Yusuf, Co-founder of Fuze, expresses the company's vision, stating, "We are developing a suite of products that cater to the growing demand for regulated digital asset capabilities through trusted channels. Our technology-first approach is a game-changer for the region, offering our customers a dependable bridge to the new era of investments and the future of finance."

According to WAMDA, the digital asset market in the MENA region currently stands at a value of $566 billion and is experiencing rapid growth at a rate of 48% year over year. With the recent infusion of funds, Fuze is poised to expand its operations, obtain regulatory licensing, attract top talent to its team, and enhance its technological capabilities to meet the rising demand.

This significant seed funding milestone not only positions Fuze as a trailblazer in the MENA digital assets landscape but also highlights the increasing recognition and investment opportunities in the region's emerging digital economy. As Fuze drives forward with its mission, it is set to reshape the financial landscape and lead the way in regulated digital asset offerings.