Get the latest tech news
Fuse raises $6.6M to fix a payment problem for companies expanding to MENA
Dubai-based Fuse, which simplifies cross-border payments in MENA with API that provides virtual IBANs, has raised $6.6 million in seed.
Founded in 2023 by George Davis, former co-founder of BVNK, and CTO James Smith, Fuse says it’s the first infrastructure-grade payments platform offering virtual International Bank Account Numbers (IBANs) in the region. That allows the startup to offer first-mile collections and last-mile payouts for international businesses without requiring them to set up a local entity, handle their own FX, or navigate licensing. Northzone, the European multi-stage VC that has backed the likes of Klarna and Spotify, led the $6.6 million round, with participation from Flourish Ventures, Alter Global, and notable angels, including Flutterwave CEO Olugbenga “GB” Agboola and former Morgan Stanley MENA president George Makhoul.
Or read this on TechCrunch
