## Fusepay Raises $350K in Pre-Seed Funding from Global Early-Stage Investors

We’re excited to share that Fusepay has raised **$350,000 in pre-seed funding** to build modern finance and payments for underserved Indian Ocean islands, starting with Seychelles.

This funding marks a key milestone in our journey to become a licensed Payment Service Provider (PSP) in Seychelles and help businesses **save money, save time, and prevent fraud**. We're replacing cheques, manual transfers, and cash heavy operations with a smarter, faster, and more secure platform.

### Who Backed Us

We’re proud to be backed by a group of **global early stage investors** who believe in our vision to build from the ground up for island economies and other frontier emerging markets. Our pre-seed round was led by:

- **Hustle Fund**
- **Everywhere Ventures**
- **First Check Ventures**
- **Startup Istanbul**
- Angel investor **Ryan Nesbitt**

These investors have supported hundreds of startups globally, and we’re grateful they see long term potential in Fusepay’s mission.

### The Fusepay Team

Fusepay was co-founded by [**Vidhyasahar Thiyagarajan**](https://www.linkedin.com/in/vidhyasahar/) and [**Francesco Rocchi**](https://www.linkedin.com/in/francesco-rocchi-53a815226/) in June 2024 as a Delaware C Corp, after personally experiencing payment challenges while helping their families run retail and wholesale businesses.

- **Vidhyasahar** is a product designer by background. He previously led design at YC backed fintech Alaan in the UAE and has worked with startups and billion dollar companies globally.
- **Francesco** is a software developer who co-founded a software development agency in Seychelles, working with early stage companies.

Fusepay is now a team of 10 including engineers, designers, and finance professionals with experience at **Intel, Goldman Sachs**, and other global companies.

### What’s Next

With this funding, we’ve secured our **Payment Service Provider (PSP) license in Seychelles** and are completing the final compliance requirements with the Central Bank of Seychelles.

We're preparing to launch in **August 2025** with our B2B Invoice payment platform, helping businesses manage **accounts payable and receivable** on top of our mobile money rail.

Our flagship product, **FuseCheq**, enables **secure, post dated payments** for retail and wholesale businesses, replacing physical cheques which are being phased out by the government. FuseCheq is designed to offer digital convenience with full traceability and reduced operational friction.