Backed by $350K, Fusepay takes aim at Seychelles’ slow, paper-heavy payments system
- Fusepay launched its digital payment platform to help East African businesses manage finances.
- The company secured $350,000 in pre-seed funding led by Hustle Fund.
- The Central Bank of Seychelles is promoting a nationwide shift to a fully digital financial system.
Fusepay's initiative to modernize payment systems in Seychelles addresses critical inefficiencies in the current financial landscape. The focus on digital solutions not only enhances business operations but also aligns with broader governmental efforts toward digital governance. However, the success of such initiatives will depend on user adoption and the ability to navigate potential regulatory challenges in frontier markets.
