Fintech company Fusepay in Seychelles secures $350k in pre-seed funding for digitizing business transactions
Fusepay, a Seychelles-based fintech company, has recently secured $350,000 in pre-seed funding to modernize B2B payments in the Indian Ocean islands, with a particular focus on Seychelles. The company is set to officially launch its payment platform in August 2025.
Founded by Vidhyasahar Thiyagarajan and Francesco Rocchi in June 2024, Fusepay aims to replace legacy payment methods like cheques and manual transfers with a faster, smarter, and more secure digital payments platform. The platform will be an end-to-end B2B payments and operations solution, addressing inefficiencies in the current payment infrastructure.
The funding round saw participation from Hustle Fund, Everywhere Ventures, First Check Ventures, Startup Istanbul, and angel investor Ryan Nesbitt. This marks a key milestone in Fusepay's journey to become a licensed Payment Service Provider (PSP) in Seychelles.
Fusepay's team consists of ten members, including engineers, designers, and finance professionals. Some members have previous experience at companies like Intel and Goldman Sachs. The company's CTO is Francesco Rocchi, while Vidhyasahar Thiyagarajan serves as the CEO.
The founders, who have lived in Seychelles for decades, have experience running retail and wholesale businesses there. They founded Fusepay to address the issue of manual payments, financial chasing, and employee fraud in the region, which heavily relies on cash, paper, and outdated processes.
In addition to its main payment platform, Fusepay is also launching its Invoice payment platform later this month to help businesses manage accounts payable and receivable. The flagship solution, FuseCheq, enables secure, post-dated payments for retail and wholesale businesses, replacing physical cheques.
The timing of Fusepay's launch is significant, as the Seychelles Government is phasing out physical cheques, signalling the timeliness of FuseCheq. The company's expansion plans include starting with Seychelles as the initial market and then extending its services across other underserved Indian Ocean island economies.
In the news, UAE-based Alaan announced a $48 million Series A for its corporate card and spend management platform. This provides additional context about the founders' background at another startup.
As Fusepay prepares for its official launch in August 2025, it is poised to revolutionize B2B payments in Seychelles and beyond, providing a more efficient, secure, and modern solution for small and medium-sized businesses in emerging island economies.
- The fintech industry, with its focus on modernizing financial solutions, has shown interest in Fusepay, a Seychelles-based company, as they secured pre-seed funding of $350,000 to revolutionize B2B payments.
- The investment in Fusepay, a fintech startup, will facilitate the launch of their end-to-end payment platform in 2025, aiming to replace outdated payment methods and address inefficiencies in the current payment infrastructure of Seychelles.
- As Fusepay grows, it is set to become a key player in the financial sector, not only in Seychelles but also in other Indian Ocean island economies, leveraging technology to provide a more efficient and secure alternative for SMEs in emerging markets.
