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Fuse, a UAE-based fintech specializing in cross-border payment solutions, has secured $6.6 million in seed funding led by Northzone, with participation from Flourish Ventures and Alter Global. The company, which offers virtual international bank account numbers (IBANs), aims to expand its team and product offerings across MENA, currently serving over 20 clients, including DLocal and Airbnb. Recently, Fuse has begun direct payment services in Saudi Arabia, Egypt, and Jordan, facilitating currency disbursements for Indian and Chinese companies in the UAE.
UAE fintech startup Fuse has secured USD 6.6 million in seed funding, led by Northzone, to enhance cross-border payments in the MENA region. The company plans to expand its team, obtain regional licenses, and broaden its product offerings, including virtual USD accounts and dirham IBANs, targeting global businesses entering MENA. Founded in 2023, Fuse aims to address the region's complex payment infrastructure, catering to underserved businesses amid a surge in e-commerce and digital transactions.
Fuse, a Dubai-based company, has secured $6.6 million in funding to enhance cross-border payment infrastructure in the MENA and GCC regions. Led by Northzone, the investment aims to simplify complex payment processes through a unified API, supporting clients like Deel, Airbnb, and Etsy. Co-founder George Davis emphasizes the growing demand for efficient financial services, particularly with the introduction of Virtual IBAN technology.
Dubai-based fintech startup Fuse has secured $6.6 million in seed funding to tackle payment challenges for businesses entering the MENA region. The funding round, led by Northzone, includes contributions from Flourish Ventures and angel investors like Flutterwave CEO Olugbenga Agboola. Founded in 2023, Fuse offers a payments infrastructure platform with virtual International Bank Account Numbers (IBANs), enabling cross-border transactions without the need for a local entity. The company plans to use the funds to expand its team, obtain regional licenses, and diversify its product offerings.
George Davis
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mena fintech fuse secures 6.6 million seed funding for cross-border payments
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