Fuse
Fuse (Elsker Inc.) is an AI-native loan origination and account opening platform serving credit unions, banks, and finance companies in the U.S. and Canada. The venture-backed company sells flat-fee subscriptions that replace fragmented legacy LOS systems with a single AI-automated platform.
- Company typePrivate
- Founded2020
- HeadquartersNew York, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Fuse does
Fuse (legal entity Elsker Inc.) is a venture-backed, AI-native loan origination system and account opening platform serving traditional financial institutions in the United States and Canada. Founded in 2020 by Harvard Business School classmates Andres Klaric and Marc Escapa, the company targets credit unions, community banks, and finance companies seeking to replace fragmented legacy LOS vendors (MeridianLink, Origence, and core-provided modules) with a single configurable system. The company reports 100+ financial institutions on the platform and operates from its New York City headquarters.
The platform consolidates applicant portal, decision engine, document automation, agent workspace, and account opening into a unified single-tenant, SOC 2 Type 1 and Type 2 compliant cloud infrastructure. The proprietary AI Agents layer performs document reading, data extraction, document validation, fraud verification, outbound borrower communications, and auto-decisioning across 100% of core data fields including custom attributes and charge-off history. Supporting components include a no-code decision engine, a 200+ pre-built integrations marketplace (Dealertrack, RouteOne, FIS Asset Finance, FIS AutoSuite), and a proactive automation program that pairs customers with bi-weekly Automation Coaches, achieving an average of more than 1% new automation per week and 71% automation within the first year. The platform supports consumer lending, auto and powersports financing, SMB lending, commercial lending, and digital account opening use cases.
Fuse operates on a flat annual subscription model at $100,000 per year for standard customers and $50,000 for smaller credit unions, with no implementation fees and no variable usage charges. Go-to-market combines enterprise field sales, an inside-sales Rescue Fund initiative ($5 million funding free platform access for the first 50 qualifying credit unions until their legacy contracts expire), and a flagship channel partnership with FIS Global as official reseller for indirect auto and equipment lenders in the U.S. and Canada. The company has raised approximately $76 million across seed, extension, Asian Development Bank, and Series A rounds, with Footwork leading the $25 million Series A in 2026 alongside Primary Venture Partners, NextView Ventures, Commerce Ventures, FJ Labs, and Clocktower.
Fuse firmographics
Firmographics- Name
- Fuse
- Legal name
- Elsker Inc.
- Website
- https://fusefinance.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Fuse (Elsker Inc.) is an AI-native loan origination and account opening platform serving credit unions, banks, and finance companies in the U.S. and Canada. The venture-backed company sells flat-fee subscriptions that replace fragmented legacy LOS systems with a single AI-automated platform.
- Ownership category
- akta.pro rank
Fuse industry classification
Industry- Product category
- Loan Origination Software
- NAICS
- Software Publishers (5132), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching) (FSAGAHAL)
- akta.pro secondary industry
- SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)
Keywords
Where Fuse is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Fuse business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Annual Platform Subscription: Flat annual subscription model at $100,000 per year for standard customers and $50,000 for smaller credit unions. No implementation fees, no variable fees tied to loan volume or user count. Revenue recognized annually with multi-year contract potential.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Standard Annual Subscription - $100,000/year |
| Subscription | Annual | Smaller Credit Union Subscription - $50,000/year |
| Freemium | Multi-year contract | Rescue Fund - Free Access |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Fuse product offering
Product offeringCore offering
Fuse offers an AI-native, cloud-native Loan Origination System (LOS) and account opening platform that consolidates applicant portal, decision engine, document automation, agent workspace, and account opening into a single unified system for credit unions, banks, finance companies, and auto/powersports lenders. The platform uses dedicated AI agents for document reading, validation, fraud verification, outbound borrower communications, and auto-decisioning on 100% of core data fields, with 200+ pre-built integrations and a no-code configuration layer. Customers subscribe via flat annual pricing ($100K standard, $50K for smaller credit unions) with no implementation or variable fees, supported by dedicated Automation Coaches and an Automation Guaranteed contractual commitment.
Product overview
Fuse offers a unified AI-native loan origination system and account opening platform consisting of core products (All-in-one LOS & Account Opening, AI Agents) and supporting programs (Proactive Automation, Automation Guaranteed, Rescue Fund). The platform spans five key solutions: Consumer Lending, Digital Account Opening, Auto & Powersports Lending, SMB Lending, and Commercial Lending. All solutions share common AI infrastructure for document processing, fraud verification, auto-decisioning, and workflow automation, enabling financial institutions to modernize legacy systems with a single configurable platform.
Differentiator
Problem solved
Functional benefit
Products and services
- All-in-one LOS & Account Opening AI-native loan origination system and account opening platform that consolidates the applicant portal, decision engine, document automation, internal agent workspace, and account opening into a single unified system for financial institutions including credit unions, banks, and finance companies.
- AI Agents AI-powered automation agents performing document reading and data extraction, document validation, fraud verification, outbound borrower communications, and auto-decisioning on 100% of core data fields including custom attributes and charge-off history.
- Consumer Lending AI-native loan origination solution for consumer lending workflows including application processing, credit decisioning, and document automation, targeted at credit unions and banks competing with fintech consumer lenders.
- Digital Account Opening AI-native account opening platform enabling faster online applications with omnichannel continuity from online to branch, remote ID and fraud verification, one-click direct deposit switching, and multi-account opening capabilities for financial institutions.
- Auto & Powersports Lending AI-native loan origination solution supporting indirect and refinance lending with seamless connections to Dealertrack, RouteOne, and other dealer networks, targeted at auto and powersports lenders including those accessed through the FIS Global channel partnership.
- SMB Lending AI-native loan origination solution for small business lending featuring AI-powered document processing, voice automation, guarantor capture, rules-driven decisioning, automated workload balancing, and core integration for community banks and credit unions.
- Commercial Lending AI-native loan origination solution for commercial lending managing the full workflow from credit request through underwriting, pricing, approval, documentation, and booking, featuring AI-driven spreading that auto-spreads business financials, PFS, and tax returns into structured credit memo analysis with integrated ratios and stress testing.
Quantifiable outcome
- 2.4x increase in loan conversion
- +6 more outcomes
Companies that use Fuse
Customer profileNamed customers12 records
Segments5 records
Ideal customer profiles4 records
Fuse technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability7 records
Feature6 records
Fuse partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- FIS (Fidelity National Information Services)flagshipStrategic alliance announced June 8, 2026 to deliver a modern loan and lease origination platform for indirect auto and equipment lenders in the U.S. and Canada. The partnership integrates Fuse's cloud-native origination platform with FIS Asset Finance and FIS AutoSuite, creating an end-to-end ecosystem connecting origination and servicing functions. FIS serves as official reseller for the platform. Features include automated workflows, real-time application status updates, and open API framework enabling lenders to update policies, pricing, and procedures without vendor intervention.
- REPAYcoreIntegration partnership announced September 30, 2025 enabling financial institutions using Fuse's platform to access expanded payment automation capabilities. The integration allows lenders to process card, ACH, and digital wallet payments with real-time updates, reducing manual errors and improving operational efficiency while offering borrowers multiple digital payment options.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
Fuse competitors and assessment
Company assessmentDirect peers
- MeridianLink: Public LOS and account opening platform for credit unions, banks, and mortgage lenders. Most directly comparable competitor to Fuse in the credit union LOS replacement market and a primary incumbent targeted by the Rescue Fund.
- nCino: Cloud-native bank operating system with loan origination and account opening modules targeting community and mid-market banks. Closest cloud-LOS competitor in terms of architectural philosophy and customer profile.
- Origence: Indirect lending origination platform deeply embedded in the credit union auto lending market. A primary incumbent competitor in Fuse's core credit union and auto lending segments.
Broad incumbents
- Finastra: Large incumbent financial technology provider offering lending, core banking, and capital markets software to banks and credit unions globally. Overlaps in lending and account opening but as part of a much broader portfolio rather than a focused cloud-LOS play.
- FIS (Fidelity National Information Services): Incumbent fintech infrastructure giant; both an indirect competitor (in core, lending, and account opening) and Fuse's strategic reseller for auto and equipment finance via the 2026 alliance.
- Jack Henry & Associates: Core banking and digital banking provider to community banks and credit unions with lending workflow offerings. A typical incumbent Fuse displaces when financial institutions modernize.
- Temenos: Global core banking and lending platform serving retail, SME, and corporate banking. Comparable as a broader lending technology incumbent, though primarily serving larger international banks.
Emerging players
- LoanPro: Cloud-based lending platform for non-bank and specialty lenders. Comparable as an emerging cloud-native LOS competitor, though focused more on non-bank consumer and specialty lending than credit unions.
- Abrigo: Technology provider to community banks and credit unions covering loan origination, compliance, and risk. Adjacent emerging player with overlapping credit union customer base but narrower product suite.
- Lendio: SMB lending marketplace connecting small businesses with lenders via technology and embedded credit workflows. Comparable as a fintech-led small business lending technology provider overlapping with Fuse's SMB lending solution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Fuse social profiles
Digital presenceFuse compliance and trust
Trust signalCompliance2 records
Fuse financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fuse leadership team
Management profileNumber of profiles
Profiles2 records
Fuse funding detail
Funding detailFunding overview
Funding rounds5 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fuse M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fuse
What does Fuse do?
Fuse offers an AI-native, cloud-native Loan Origination System (LOS) and account opening platform that consolidates applicant portal, decision engine, document automation, agent workspace, and account opening into a single unified system for credit unions, banks, finance companies, and auto/powersports lenders. The platform uses dedicated AI agents for document reading, validation, fraud verification, outbound borrower communications, and auto-decisioning on 100% of core data fields, with 200+ pre-built integrations and a no-code configuration layer. Customers subscribe via flat annual pricing ($100K standard, $50K for smaller credit unions) with no implementation or variable fees, supported by dedicated Automation Coaches and an Automation Guaranteed contractual commitment.
Is Fuse a public or private company?
Fuse is a private company. It is classified as venture growth investor backed and is currently operating.
When was Fuse founded?
Fuse was founded in 2020. It employs 51 to 100 people.
Where is Fuse based?
Fuse is headquartered in New York, United States, in the North America region.
How does Fuse make money?
One revenue line is on record: annual Platform Subscription.
Who are Fuse's main competitors?
Direct peers on record are MeridianLink, nCino and Origence. Broad incumbents are Finastra, FIS (Fidelity National Information Services), Jack Henry & Associates and Temenos. Emerging players are LoanPro, Abrigo and Lendio.
Does Fuse have an API?
Yes. Fuse offers an API that enables electronic payment and loan origination system services. The API allows business entities to build their own Applications and integrate Fuse services into their platforms. The platform also features an open API framework and self-serve API builder that enables lenders to update policies, pricing, and procedures independently. Developer documentation is at www.fusefinance.com/terms.
What industry is Fuse in?
Fuse's product category is Loan Origination Software. Its primary akta.pro industry code is FSAGAHAL, Marketplace & Loan Aggregation Platforms (Borrower-Lender Matching), with a secondary code of FSAKAGAJ, SME Lending Platforms & Embedded SME Credit. Its NAICS code is 5132 and its SIC code is 7372.