Fuse Raises $25M to Build AI-Native Loan Origination Platform for Credit Unions

Fuse has secured $25 million in Series A funding to advance its AI-native loan origination system, with the round led by Footwork and supported by Primary Venture Partners, NextView Ventures, and Commerce Ventures. The company was founded by Andres Klaric and Marc Escapa, who pivoted from automotive lending after identifying the potential of large language models to modernize core financial infrastructure.

Fuse is developing an AI-driven system designed to replace legacy loan origination platforms, enabling automation across underwriting, application processing, and loan management. Andres Klaric indicated that traditional systems are costly and slow to implement, creating barriers for smaller institutions.

Investor Nikhil Basu Trivedi of Footwork highlighted strong demand among credit unions for AI adoption. Fuse plans to support transitions through a $5 million program offering temporary free access to qualifying institutions.

Featured image: Credit: Fuse