{
Olugbenga Agboola

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UAE fintech fuse secures 6.6 million dollars to enhance cross-border payments

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.
WAYA
United States Dollar Fuse Science, Inc. JOR EGY CHN IND ARE George Davis James Smith Olugbenga Agboola Sanjot Malhi Show more
Business & Industry, News Article
10:43 06.04.2025

Dubai fintech startup Fuse secures 6.6 million dollars in seed funding

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.
Tech in Asia
United States Dollar Morgan Stanley USA ARE GBR George Davis James Smith Olugbenga Agboola George Makhoul Show more
Business & Industry, News Article
08:20 04.04.2025
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