Fuse, a Dubai, UAE-based developer of a foundational infrastructure for cross-border payments in the MENA and GCC regions, raised $6.6m in funding.
The round was led by Northzone, with participation from Flourish Ventures, Alter Global, and prominent angel investors, including the founder of Flutterwave.
Co-founded by CEO George Davis and CTO James Smith, and also led by Chief Compliance Officer Kathryn Willis, Fuse is a payments infrastructure provider enabling global businesses to scale quickly and efficiently across MENA markets, including the UAE, Saudi Arabia, and the wider region. Through its Virtual IBAN technology, Fuse simplifies cross-border payments, empowering companies to move money across the region seamlessly and in real-time.
Having launched with flagship client dLocal, the company’s solution is already supporting global brands such as Deel (contractors), Airbnb (hosts), and Etsy (sellers) as they expand into MENA’s markets as well as several other emerging diversified use cases including cross-border trade and high-value purchasing.
FinSMEs
03/04/2025