Fuse Raises $25M for AI-Native Loan Origination at 100+ US Credit Unions, Launches $5M Legacy Software 'Rescue Fund'

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Fuse, an AI-native loan origination and account-opening platform serving over 100 US credit unions, raised $25M and announced a $5M rescue fund specifically to absorb legacy software migration costs for new customers. The rescue fund is a direct acquisition strategy: Fuse is pricing migration friction out of the sales cycle to displace pre-AI core banking vendors locked into the $1.5T credit union sector. This follows the vertical AI-native replacement pattern seen in legal (Legora $550M) and ITSM (Standard Template Labs $49M) this week — financial services joining the wave.