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Fuse Raises $25M to Modernize Lending with AI

16 Mar

Summary

Fuse uses AI to update loan origination systems.
The company secured $25 million in Series A funding.
Fuse offers free access to credit unions to ease transition.

Fuse Raises $25M to Modernize Lending with AI

In 2026, Fuse announced a $25 million Series A funding round, led by prominent venture capital firms including Footwork. This funding aims to accelerate the modernization of loan origination systems (LOS) through an AI-native platform. Co-founders Andres Klaric and Marc Escapa recognized the need to update legacy software, which traditionally poses integration challenges and expensive contracts for lenders.

Fuse's AI-driven approach promises to enhance loan processing volumes, automate underwriting, and significantly reduce operational expenses for credit unions. The company is actively working to displace outdated systems from competitors like nCino and MeridianLink. To ease the transition for financial institutions, Fuse has launched a 'rescue fund' allocating $5 million to offer free platform access to the initial 50 qualifying credit unions until their existing LOS contracts conclude.

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