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AI-based loan origination platform Fuse raises $25 million
The fresh financing was raised from Footwork, Primary Ventures Partners, NextView Ventures, Commerce Ventures, FJ Labs, and Clocktower Ventures.
Fuse offers clients a GenAI Lending Copilot that continuously monitors manual workflows, detects bottlenecks, and proactively recommends fixes. Dedicated Automation Coaches meet with each credit union bi-weekly to implement those recommendations.
Fuse co-founder, Andres Klaric, says: "Legacy platforms create a widening gap between what members expect & what the system can deliver: hidden fees, glacial change cycles, restricted data access, and zero path to automation. That gap is where fintechs are winning. Fuse exists to close it.”
Alongside the funding news, Fuse has set aside $5 million aimed at helping credit unions break free from long-term contracts with legacy vendors. The first 50 qualifying institutions get free access to Fuse until their current contracts expire.
Says Klaric. “Legacy SaaS vendors built their businesses on friction. The harder it is for you to leave or change your system, the more the system providers profit. Credit unions aren’t losing market share because they lack the will to serve their members, they’re losing because they’re fighting a modern war with tools from the 1990s. We built Fuse to be a generational business that realigns incentives. We don’t get paid to lock you in; we get paid to automate your work. And we’re setting aside $5 million to prove it.”