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Mid East Info
01-05-2025
- Business
- Mid East Info
Fuze raises $12 million from Galaxy and e& Capital to scale its Digital Assets infrastructure - Middle East Business News and Information
Abu Dhabi, UAE and New York, USA –2025: Fuze, the Middle East and Turkey's fastest growing digital assets infrastructure firm, today announced the successful completion of a $12.2 million Series A funding round led by Galaxy (TSX: GLXY), a global leader in digital assets and data center infrastructure, and e& capital, the venture capital and investment arm of global technology group e& (ADX: EAND). Fuze provides Digital Assets-as-a-Service infrastructure enabling financial institutions and businesses across MENA and Turkey to offer regulated digital assets to their clients, as well as an Over-The-Counter (OTC) trading desk. In addition, Fuze has now launched a full suite of stablecoin infrastructure products and recently announced its expansion, through FuzePay, into payments. The Series A investment will fuel Fuze's regional and international expansion, accelerate product innovation and compliance, and support top-tier hiring. Mo Ali Yusuf, CEO and Co-Founder at Fuze, stated, 'Strategically, Galaxy's comprehensive digital asset capabilities and e&'s unparalleled network will fast-track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption. We are seeing a huge surge in demand and we believe that in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability.' Leon Marshall, CEO of Galaxy Europe, added, ' We are thrilled to partner with Fuze and lead this Series A round. The Middle East is poised to become a major hub for innovation, with the UAE demonstrating a willingness to develop comprehensive regulatory frameworks for digital assets and Fuze rapidly advancing its digital assets infrastructure.' Fuze has been championed from the beginning by Further Ventures, an ADQ-backed venture builder and investment firm. Mohamed Hamdy, Managing Partner at Further Ventures said, 'This fundraising round marks an important milestone for Fuze, a company that Further Ventures backed since inception. We're proud to welcome leading global investors – including Galaxy, e& Capital, and others – to join us on this journey. We believe Fuze is poised to become a dominant force in enabling digital asset businesses around the world.' Harrison Lung, Group Chief Strategy Officer e&, said 'With our investment in Fuze, we're excited to align with a team that's setting the benchmark for what a future-ready, regulated digital asset ecosystem can look like. There's a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. And this investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation.' Since launching in 2023, Fuze has worked closely with global regulators to ensure compliant digital asset services and partnered with leading financial institutions. In the last year, the business has processed over $2 billion in total digital assets volume through their Digital-Assets-as-a-Service platform, stablecoin infrastructure, and OTC. About Fuze: Fuze is MENA's first-of-its-kind regulated digital assets infrastructure provider, offering financial institutions and businesses cutting-edge tools to integrate digital asset services securely and efficiently. Driven by a solutions-based approach, Fuze helps financial services providers to strategise, organise and implement digital assets infrastructure and quickly, securely launch regulated, world-class products across wealth and payments. Fuze was founded by an expert team of fintech, traditional finance (TradFi) and decentralized finance (DeFi) leaders, with its co-founders holding extensive knowledge from experience in global hypergrowth businesses: the CEO, Mohammed Ali Yusuf (Mo Ali Yusuf) has held prominent roles at and Visa; Arpit Mehta (COO) was previously in the leadership team at fintech leaders like Simpl and Clear; Srijan Shetty (CTO) built algorithmic trading systems at Goldman Sachs and worked at tech leader Microsoft. Fuze offers a Digital-Assets-as-a-Service infrastructure platform which enables banks and fintechs to embed regulated digital assets products in a B2B2C fashion. Additionally, Fuze provides an Over-The-Counter (OTC) service that supports institutions, funds, and HNIs (high-net-worth individuals) in executing large digital asset trades securely and efficiently. About Galaxy: Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. About e& capital: e& capital is the venture capital and investment arm of e& that invests in the ideas and people that will build a better and brighter digital future. It supports innovative tech businesses, helping them to grow and enabling significant advances that move the world forward. e& capital invests in startups that dare to disrupt and challenge how things are done because they believe in something better. It works with brave entrepreneurs to turn their big ideas into tomorrow's leading companies. e& capital will use its deep investment and venture capital expertise to transform all technology sectors, with a focus on fintech, gaming, small and medium-sized businesses (SMB), software as a service (SaaS), HealthTech, EdTech, artificial intelligence (AI), machine learning (ML), and Web 3.0.
Wamda
01-05-2025
- Business
- Wamda
Fuze closes $12.2 million Series A to power digital asset infrastructure
UAE-based fintech Fuze has raised $12.2 million in a Series A funding round led by Galaxy and e& capital, with participation from Further Ventures. Founded in 2023 by Mo Ali Yusuf, Arpit Mehta, and Srijan Shetty, Fuze offers Digital Assets as a Service, OTC trading, and stablecoin infrastructure, having processed over $2 billion in digital assets volume to date. The funding will accelerate Fuze's regional and global expansion, product development, and hiring, positioning the company as a leading enabler of regulated crypto and stablecoin adoption for banks, fintechs, and enterprises in the region. Press release: Fuze, the Middle East and Turkey's fastest-growing digital assets infrastructure firm, today announced the successful completion of a $12.2 million Series A funding round led by Galaxy (TSX: GLXY), a global leader in digital assets and data centre infrastructure, and e& capital, the venture capital and investment arm of global technology group e& (ADX: EAND). Fuze provides Digital Assets-as-a-Service infrastructure enabling financial institutions and businesses across MENA and Turkey to offer regulated digital assets to their clients, as well as an Over-The-Counter (OTC) trading desk. In addition, Fuze has now launched a full suite of stablecoin infrastructure products and recently announced its expansion, through FuzePay, into payments. The Series A investment will fuel Fuze's regional and international expansion, accelerate product innovation and compliance, and support top-tier hiring. Mo Ali Yusuf, CEO and Co-Founder at Fuze, stated, 'Strategically, Galaxy's comprehensive digital asset capabilities and e&'s unparalleled network will fast-track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption. We are seeing a huge surge in demand and we believe that in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability.' Leon Marshall, CEO of Galaxy Europe, added, 'We are thrilled to partner with Fuze and lead this Series A round. The Middle East is poised to become a major hub for innovation, with the UAE demonstrating a willingness to develop comprehensive regulatory frameworks for digital assets and Fuze rapidly advancing its digital assets infrastructure.' Fuze has been championed from the beginning by Further Ventures, an ADQ-backed venture builder and investment firm. Mohamed Hamdy, Managing Partner at Further Ventures, said, 'This fundraising round marks an important milestone for Fuze, a company that Further Ventures has backed since inception. We're proud to welcome leading global investors – including Galaxy, e& Capital, and others – to join us on this journey. We believe Fuze is poised to become a dominant force in enabling digital asset businesses around the world.' Harrison Lung, Group Chief Strategy Officer at e&, said, 'With our investment in Fuze, we're excited to align with a team that's setting the benchmark for what a future-ready, regulated digital asset ecosystem can look like. There's a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. And this investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation.' Since launching in 2023, Fuze has worked closely with global regulators to ensure compliant digital asset services and partnered with leading financial institutions. In the last year, the business has processed over $2 billion in total digital asset volume through their Digital Assets as a Service platform, stablecoin infrastructure, and OTC.
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Business Standard
01-05-2025
- Business
- Business Standard
Fuze raises $12.2 mn from Galaxy, e& Capital to power digital assets infra
Company will use investment to expand business, product innovation and hiring Fuze, which provides digital assets infrastructure in finance, has raised $12.2 million to expand in India and abroad, said the company on Thursday. The Series A funding round was led by Galaxy, a global leader in digital assets and data centre infrastructure, and e& (etisalat and), a telecommunications company based in the United Arab Emirates (UAE). Founded in 2023 by Arpit Mehta, Srijan R Shetty and Mo Ali Yusuf, Fuze provides digital assets-as-a-service to financial institutions and businesses. Fuze has a suite of stablecoin (a cryptocurrency) infrastructure products and recently announced its expansion into payments. The company operates in the Middle East, North Africa (MENA) and Turkey and it has processed more than $2 billion in digital assets. Fuze said it plans to expand in India, where its founders have their roots, and is engaging with regulators and policymakers to 'navigate the evolving crypto regulatory landscape in the country'. The Series A investment will also be used for product innovation, compliance and hiring. 'We will fast track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption,' said Mehta. 'We are seeing a huge surge in demand and we believe that in the near future, every financial institution and business will leverage some type of crypto or stablecoin capability.' Leon Marshall, chief executive officer of Galaxy Europe, said Fuze is strengthening its digital assets infrastructure as MENA becomes a hub for innovation and the UAE develops regulatory frameworks for digital assets. Fuze is backed by Further Ventures, an ADQ-backed venture builder and investment firm. Mohamed Hamdy, managing partner at Further Ventures, said: 'It's rare to see a fintech scale this quickly while maintaining a strong regulatory foundation. At Further Ventures, we back companies for the long term - and Fuze is exactly the kind of bold, unique business we believe in.' 'There's a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. And this investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation,' said Harrison Lung, group chief strategy officer of e&.
Zawya
01-05-2025
- Business
- Zawya
Fuze raises $12mln from Galaxy and e& Capital to scale its Digital Assets infrastructure across MENA and Turkey
Abu Dhabi, UAE and New York, USA: Fuze, the Middle East and Turkey's fastest growing digital assets infrastructure firm, today announced the successful completion of a $12.2 million Series A funding round led by Galaxy (TSX: GLXY), a global leader in digital assets and data center infrastructure, and e& capital, the venture capital and investment arm of global technology group e& (ADX: EAND). Fuze provides Digital Assets-as-a-Service infrastructure enabling financial institutions and businesses across MENA and Turkey to offer regulated digital assets to their clients, as well as an Over-The-Counter (OTC) trading desk. In addition, Fuze has now launched a full suite of stablecoin infrastructure products and recently announced its expansion, through FuzePay, into payments. The Series A investment will fuel Fuze's regional and international expansion, accelerate product innovation and compliance, and support top-tier hiring. Mo Ali Yusuf, CEO and Co-Founder at Fuze, stated, 'Strategically, Galaxy's comprehensive digital asset capabilities and e&'s unparalleled network will fast-track our mission to enable any bank, fintech or traditional business to seamlessly integrate digital assets and accelerate regional digital asset adoption. We are seeing a huge surge in demand and we believe that in the next 12 months, every financial institution and business will leverage some type of crypto or stablecoin capability.' Leon Marshall, CEO of Galaxy Europe, added, ' We are thrilled to partner with Fuze and lead this Series A round. The Middle East is poised to become a major hub for innovation, with the UAE demonstrating a willingness to develop comprehensive regulatory frameworks for digital assets and Fuze rapidly advancing its digital assets infrastructure.' Fuze has been championed from the beginning by Further Ventures, an ADQ-backed venture builder and investment firm. Mohamed Hamdy, Managing Partner at Further Ventures said, 'This fundraising round marks an important milestone for Fuze, a company that Further Ventures backed since inception. We're proud to welcome leading global investors - including Galaxy, e& Capital, and others - to join us on this journey. We believe Fuze is poised to become a dominant force in enabling digital asset businesses around the world.' Harrison Lung, Group Chief Strategy Officer e&, said 'With our investment in Fuze, we're excited to align with a team that's setting the benchmark for what a future-ready, regulated digital asset ecosystem can look like. There's a natural synergy between Fuze and our fintech portfolio, from e& money to Wio and Careem Pay. And this investment is about backing bold companies who understand the long game, building digital assets infrastructure to supercharge the next wave of financial services innovation.' Since launching in 2023, Fuze has worked closely with global regulators to ensure compliant digital asset services and partnered with leading financial institutions. In the last year, the business has processed over $2 billion in total digital assets volume through their Digital-Assets-as-a-Service platform, stablecoin infrastructure, and OTC. About Fuze: Fuze is MENA's first-of-its-kind regulated digital assets infrastructure provider, offering financial institutions and businesses cutting-edge tools to integrate digital asset services securely and efficiently. Driven by a solutions-based approach, Fuze helps financial services providers to strategise, organise and implement digital assets infrastructure and quickly, securely launch regulated, world-class products across wealth and payments. Fuze was founded by an expert team of fintech, traditional finance (TradFi) and decentralized finance (DeFi) leaders, with its co-founders holding extensive knowledge from experience in global hypergrowth businesses: the CEO, Mohammed Ali Yusuf (Mo Ali Yusuf) has held prominent roles at and Visa; Arpit Mehta (COO) was previously in the leadership team at fintech leaders like Simpl and Clear; Srijan Shetty (CTO) built algorithmic trading systems at Goldman Sachs and worked at tech leader Microsoft. Fuze offers a Digital-Assets-as-a-Service infrastructure platform which enables banks and fintechs to embed regulated digital assets products in a B2B2C fashion. Additionally, Fuze provides an Over-The-Counter (OTC) service that supports institutions, funds, and HNIs (high-net-worth individuals) in executing large digital asset trades securely and efficiently. About Galaxy Galaxy (TSX: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. The company is headquartered in New York City, with offices across North America, Europe, the Middle East and Asia. Additional information about Galaxy's businesses and products is available on About e& capital e& capital is the venture capital and investment arm of e& that invests in the ideas and people that will build a better and brighter digital future. It supports innovative tech businesses, helping them to grow and enabling significant advances that move the world forward. e& capital invests in startups that dare to disrupt and challenge how things are done because they believe in something better. It works with brave entrepreneurs to turn their big ideas into tomorrow's leading companies. e& capital will use its deep investment and venture capital expertise to transform all technology sectors, with a focus on fintech, gaming, small and medium-sized businesses (SMB), software as a service (SaaS), HealthTech, EdTech, artificial intelligence (AI), machine learning (ML), and Web 3.0. Its vision is to stimulate the technology investment ecosystem in the region through strategic partnerships and collaborations with global and regional venture capitalists
Gulf Business
28-01-2025
- Business
- Gulf Business
UAE's PureHealth to acquire 60% stake in Greek healthcare group
Image credit: Emirates News Agency Abu Dhabi's 'CVC Capital Partners will retain 35 per cent of the business while CEO Dimitris Spyridis will own 5 per cent shareholding,' PureHealth said in a bourse filing. With a capacity of over 1,600 beds, HHG has cemented its position as a leading provider in Greece and Cyprus, delivering advanced medical services across a network of 10 hospitals and 16 diagnostic centres across Greece and Cyprus. With a team of over 6,700 healthcare professionals, HHG provides care for approximately 1.4 million patients each year. The healthcare services group offers a wide range of medical specialities, including advanced care in oncology, cardiology, and neurosurgery. The Abu Dhabi-listed healthcare platform said the acquisition is subject to regulatory approvals without disclosing a timeline for its completion. 'The acquisition represents a significant milestone in PureHealth's strategic expansion, reinforcing our presence in Europe and further solidifying our position as a leader in healthcare,' said Shaista Asif, Group CEO at PureHealth. 'Integrating HHG into our portfolio not only reinforces our position in Europe but also creates significant value for our group by contributing to revenue diversification, driving operational synergies and strengthening our financial performance.' Meanwhile, ADQ-backed PureHealth has been investing in recent years to grow its portfolio and expand globally. The group completed the acquisition of With a market capitalisation of $10.8bn (Dhs40bn) as of January 25, 2025, PureHealth's nine-month profit was 13 per cent year-on-year to Dhs1.4bn, while its revenues rose by 56 per cent to Dhs19bn. The healthcare firm operates more than 100 hospitals and over 300 clinics with 56,000-plus employees. Read:
