Fuse raises $25M for modern LOS
Fuse closed a $25M Series A to modernize credit‑union loan origination systems with AI‑native underwriting, explicitly positioning itself against legacy LOS vendors and signaling renewed VC interest in originations infrastructure. Expect more competition in configurable, AI‑driven LOS modules. (x.com)
Fuse closed a $25 million Series A led by Footwork with participation from Primary Venture Partners, NextView Ventures and Commerce Ventures, and simultaneously announced a $5 million “rescue fund” and a program offering the first 50 qualifying institutions free access until legacy contracts expire. (techcrunch.com) The startup says it already serves more than 100 credit unions and is positioning an FIS Global reseller channel to accelerate migrations away from entrenched LOS vendors. (finextra.com) Founders Andres Klaric and Marc Escapa pivoted from an automotive‑lending business and built an “AI‑native” LOS that they claim compresses integration timelines and automates underwriting for a sector of more than 4,000 U.S. credit unions. (techcrunch.com) In equipment finance, Fuse’s credit‑union focus and reseller-led GTM contrasts with Solifi’s pre‑configured equipment finance stack and recent Leasepath integration that target rapid deployment and end‑to‑end asset workflows for captives and independent lessors. (solifi.com) Auto finance pressure points—faster credit decisions for tight inventory turns and reduced time‑to‑fund—map to Fuse’s founders’ auto experience, while Solifi’s March 2026 Document Intelligence claims up to a 70% reduction in document verification time for auto and equipment lenders. (techcrunch.com) For wholesale/floorplan and working‑capital lenders, Fuse’s current credit‑union footprint leaves compliance and liquidity features (floorplan paydown automation, ABL reporting) as potential gaps that incumbents like Solifi address via dedicated Wholesale and ABL deployments and SOC‑certified Open Finance Platform implementations. (solifi.com)
