Fusepay, a fintech platform focused on frontier markets, has officially launched operations in Seychelles and processed its first live business transaction on November 19, 2025. The rollout in Victoria introduces a digital payments infrastructure intended to replace the country’s long-standing reliance on paper cheques. By offering a faster, more secure, and more transparent way to move money, Fusepay is targeting everyday payment workflows for retail, wholesale, and small and medium-sized enterprises.
Tackling Legacy Payment Challenges
For decades, businesses in Seychelles have depended on slow, manual payment methods that are costly to manage and vulnerable to abuse. Paper cheques, which are now being phased out under a government directive, have created delays, reconciliation headaches, and ample room for fraud and embezzlement. Fusepay is entering the market with the explicit goal of eliminating these frictions and giving business owners tools that reflect how modern finance should operate.
A Platform Built Around Business Needs
Fusepay’s platform centers on virtual business accounts that allow companies to receive, hold, and manage payments in a structured way similar to accounts payable and accounts receivable systems. The product supports instant transfers within the Fusepay network and post-dated digital payments designed to serve as a direct replacement for paper cheques. On top of payments, the company is building inventory and order management capabilities so that businesses can connect financial flows with day-to-day operations in a single environment.
Focus on Security, Transparency, and Local Context
Co-founders Vidhyasahar and Francesco created Fusepay after watching their own families struggle with outdated systems in retail and wholesale businesses, including losses tied to internal fraud and manual oversight failures. Their approach emphasizes clear audit trails, fraud-resistant workflows, and simple reconciliation tools that reduce the dependence on manual checks and ad hoc processes. By designing specifically for markets like Seychelles, where many institutions still run on legacy software or outsourced platforms, the team aims to deliver technology that fits local realities rather than repurposing tools built for larger economies.
Investor Support and Growth Ambitions
Fusepay has raised pre-seed funding from global backers, including Everywhere Ventures, whose thesis centers on backing founders in often overlooked geographies. The investor group sees Seychelles and the wider African and Indian Ocean region as markets where billions of dollars in annual business transactions are still handled through outdated infrastructure. The strategy is to build a dominant position in a smaller, underserved market, then expand into adjacent use cases or neighboring countries facing similar gaps in payment modernization.
Team, Expertise, and Execution Capacity
The company is led by Co-founder and CEO Vidhyasahar, who oversees product, design, strategy, and operations and draws on prior experience leading product design at a YC-backed fintech in MENA. Co-founder and CTO Francesco is responsible for technology, security, and platform development, bringing a background in building secure financial systems for regulated environments. They are supported by a 13-person team made up largely of engineers, alongside specialists in design, finance and operations, compliance, and quality assurance, with prior experience at firms such as Juspay, Intel, Goldman Sachs, and local financial institutions.
Fusepay’s go-live in Seychelles comes at a pivotal moment as the country retires paper cheques and businesses search for viable digital replacements. By combining virtual accounts, instant transfers, digital alternatives to post-dated cheques, and integrated operational tools, the company is positioning itself as a foundational layer for business payments in the market. With regulatory approval in place, investor backing secured, and a locally informed product vision, Fusepay is setting out to prove that frontier markets can leapfrog legacy systems instead of being held back by them.