About Fuze Network
Fuze Network is a company based in Salt Lake City (United States) founded in 2009 was acquired by Ingo Money in November 2014. Fuze Network has raised $3.7 million across 2 funding rounds from investors including Ingo Money, Ribbit Capital and Matrix. Fuze Network operates in a competitive market with competitors including yufin, DiGiSPICE, CrowdForce, shop.eBillme.com and CIT VERiCASH, among others.
- Headquarter Salt Lake City, United States
- SectorsFinancial Services
- Website fuzenetwork.com
- Social LinkedIn X Facebook
- Acquired by Ingo Money (Nov 2014)
- Legal Name Fuze Network, Inc.
- Total Equity Funding$3.7M (USD)
in 2 rounds
- Latest Funding Round$2.5M (USD), Series A
Sep 2012
- InvestorsIngo Money
& 5 more
- Acquired byIngo Money
(Nov 2014)
Funding Insights of Fuze Network
Fuze Network has successfully raised a total of $3.7M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.5 million completed in September 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3.7M
- Total Rounds 2
- Last Round Series A — $2.5M
- First Round $1.2M
(Nov 2010)
- Investors Count 5
All 2 funding rounds of Fuze Network with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2012 | $2.5M | Series A | – | Ribbit Capital, Matrix | – |
| Nov 2010 | $1.2M | Seed | – | Kickstart Seed Fund, Compound | – |
6 investors in total: 6 institutional.
Investors in Fuze Network
Fuze Network has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Ingo Money, Ribbit Capital and Matrix.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage companies in fintech and multiple sectors are invested in. | 2012 | ribbitcap.com | Palo Alto, United States | |
Early-stage ventures are funded by the investment firm. | – | matrix.vc | San Francisco, United States | |
Seed investments in US startups are made by Deciens Capital. | – | deciens.com | San Francisco, United States | |
Compound is recognized as a thesis-driven investment firm. | – | compound.vc | New York, United States | |
Venture capital funding is provided to early-stage startups. | – | kickstartseedfund.com | - | |
Check processing company | 2001 | ingomoney.com | Roswell, United States |
Investor details for Fuze Network
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fuze Network
22 people are tracked at Fuze Network (13 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Rusty Pickering | President & COO | Leadership |
Tate Bailey | VP, Sales | Leadership |
Shalini Chandrakanth | Vp, GTM | Leadership |
Sarah Higgins | Chief Marketing Officer | Leadership |
Laura Pearce | VP, Product Management | Leadership |
Steven Doctor | Evp, Chief Financial Officer | Leadership |
Lydia Inboden | Chief Sales Officer | Leadership |
Drew Edwards | Founder & CEO | Leadership |
Lisa McFarland | EVP & Chief Product Officer | Leadership |
Niharika Bandhakavi | VP, Decision Science | Leadership |
Crista Dracos | Chief Compliance Officer | Leadership |
Preston E. | Director Of Information Security And Technology Compliance | Leadership |
Anita Hayrapetian | VP Of Sales | Leadership |
Jon Gaskell | SVP, Strategic Partnerships | Team |
Jason Sperko | SVP, Software Engineering | Team |
Mark Turner | SVP, Technology Operations | Team |
Beth Fix | SVP, Client Services | Team |
Myla Irwin | SVP, Human Resources | Team |
Jay Collins | General Counsel | Team |
Will Simoneaux | SVP, Treasurer | Team |
2 more people are available in the full profile.
Complete people profiles for Fuze Network
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fuze Network
4 dated milestones of Fuze Network across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Fuze Network is founded.
- Funding First funding round of $1.2M.
- Funding Latest funding round, Series A, of $2.5M.
- Exit Acquired by Ingo Money.
Competitors of Fuze Network
Fuze Network operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as yufin, DiGiSPICE, CrowdForce, shop.eBillme.com and CIT VERiCASH, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| yufin.co | 2021 | New York, United States | – | – | Provider of merchant services acquiring and payments hub for small merchants | |
| digispice.com | 2000 | Noida, India | – | 1,172 | Provides suite solutions for government agencies | |
| crowdforce.io | 2016 | San Francisco, United States | $3.73M | – | Operates a decentralized network connecting micro businesses for enhanced collaboration. | |
| ebillme.com | 2004 | Brook, United States | $23M | – | Alternate cash payment options for online purchases are facilitated. | |
| citvericash.com | 2000 | Cairo, Egypt | – | – | Mobile payment software is provided to financial institutions and operators. | |
| safe.cash | 2014 | San Francisco, United States | $1.12M | 21 | Provides digital cash payment solutions for secure transactions. | |
| savechain.com | 2019 | San Francisco, United States | $20,000 | – | Non-residential U.S. bank accounts are facilitated through correspondent banking services. |
Detailed competitors of Fuze Network
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to Fuze Network
10 companies that operate in the same segment as Fuze Network (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about Fuze Network
Fuze Network was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Fuze Network is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Fuze Network is a funded company, having raised a total of $3.7M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.2M, raised on Nov 2010.
Fuze Network is a payments technology company that facilitates the movement of money onto any of the 1.5 billion U.S. bank-issued cards. Fuze Network has built a proprietary network that allows them to facilitate a credit to any card for a consumer. Part of this network includes a product called Swipe2Pay, introduced at last falls Finovate conference, which lets any retailer with a POS terminal process a cash payment for any credit card, deposit money to a debit card, or load up a prepaid card without having to make changes to their existing POS infrastructure. The platform simplifies and speeds up the transaction process by eliminating manual entry of personal information on forms and does not require specific codes for card issuers. Fuze Network allows customers to make payments at 17k banks and 100k retail locations nationwide. The company currently processes over 40 million per month, and does over 500k card transactions (credits onto card accounts) per month.
Fuze Network's top competitors include DiGiSPICE, yufin and CIT VERiCASH.
Fuze Network has 6 investors. Key investors include Ingo Money, Ribbit Capital, Matrix, Deciens Capital, and Kickstart Fund.
Fuze Network operates through Fuze Network, Inc..
Yes. Fuze Network was acquired by Ingo Money in November 2014.