• Fluus network is available in over 180 countries, supporting over 100 fiat currencies and 200 crypto assets.
• The Fluus ecosystem has partnered with key industry players, including Changelly, Maker, and Microsoft, for startups, among others.

Fluus, an aggregator of fiat and digital assets gateways with a crypto ramping network, has announced the completion of a pre-seed funding round with approximately $600k raised. According to the announcement, FHS Capital, and Base64 Ventures, among other angel investors, participated in the pre-seed funding round. The Fluus start-up provides customers with a fiat-crypto on and off-ramp network to access the Web3 industry through token swap and staking.

“We are excited to have the support of FHS Capital and Base64 Ventures, two highly reputable investment firms,” said Tey El-Rjula, co-founder and CEO of FLUUS. “Their experience and resources will be invaluable as we continue to grow and scale our business to provide financial technology solutions to onboard the next billion into web3.”

Dr. Fady and Mr. Hesham Hannah-Shmouni, Managing Partners at FHS Capital, noted that the FLUUS network would go a long way in onboarding more crypto investors seamlessly. Moreover, the Fluus network is available in over 180 countries, supporting over 100 fiat currencies and 200 plus crypto assets. Additionally, the Fluus network supports over 75 blockchains, including Bitcoin, Ethereum, and the BNB chain. Most importantly, the FLUUS network takes pride in over 28 cash and mobile money payment methods.Hesham noted.

Our investment in FLUUS fits perfectly with our vision for empowering exceptional founders and technologies in the web3 space, enabling customers and partners across key industry verticals to benefit from blockchain technology.

The Fluus ecosystem has partnered with key industry players, including Changelly, Maker, and Microsoft, for startups, among others.

Fluus and the Cryptocurrency Market Outlook

Currently, the Fluus network has two flagship products, including Fluus Pay and Fluus Auth, an SDK that allows developers to integrate with their applications easily. Reportedly, the funds raised in the pre-seed funding round will be used in further developing the Fluus Pay and Fluus Auth.

Already, the Fluus network has successfully off-ramped more than $1 million in a private trial directed at Ukraine aid with the support of an international NGO. With the beta version around the corner, the Fluus network will be opened to the global market. As a result, the Fluus team is preparing to announce major partnerships, including matchmaking platform Dua.com and the GD10 Ventures ecosystem, to ensure its services reach millions of Web3 users.

Notably, the Fluus network has a native token dubbed FLUUS to help reduce fees and earn yields for liquidity providers.

Founded in early 2022, the Fluus network has focused on the MENA region to grow to global markets. Moreover, the cryptocurrency industry is in the early stages of adoption, with billions of users expected to enter during the next decade.