tech
March 16, 2026
Fuse raises $25M to disrupt aging loan origination systems used by U.S. credit unions
The startup also announced a $5M 'rescue fund' to help credit unions ditch legacy software for its AI-native platform.
TL;DR
- Fuse, an AI-native loan origination system (LOS) startup, raised $25 million in Series A funding.
- The funding round was led by Footwork, Primary Venture Partners, NextView Ventures, and Commerce Ventures.
- Fuse aims to modernize legacy LOS, which are the backbone of the lending industry.
- Traditional LOS are expensive, have long integration times, and multi-year contracts.
- Fuse's AI agents promise to help lenders process higher loan volumes, automate underwriting, and reduce operational costs.
- The company offers a $5 million 'rescue fund' to help the first 50 qualifying credit unions switch from legacy vendors.
- Competitors include nCino, MeridianLink, Casca, and Glide.
- Fuse believes credit unions lack the right technology despite having strong local presence and member experience.
- Fuse has over 100 customers.
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