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
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Fuze Network, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.7 M (USD)
in 2 rounds
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Latest Funding Round
$2.5 M (USD), Series A
Sep 27, 2012
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Investors
Ingo Money
& 5 more
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Employee Count
Employee Count
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Acquired by
Ingo Money
(Nov 03, 2014)
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $2.5M
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First Round
First Round
(15 Nov 2010)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2012 | Amount | Series A - Fuze Network | Valuation | Ribbit Capital , Matrix |
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| Nov, 2010 | Amount | Seed - Fuze Network | Valuation | Kickstart Seed Fund , Compound |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage companies in fintech and multiple sectors are invested in.
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Founded Year | Domain | Location | |
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Early-stage ventures are funded by the investment firm.
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Founded Year | Domain | Location | |
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Seed investments in US startups are made by Deciens Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fuze Network
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fuze Network
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fuze Network Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of merchant services acquiring and payments hub for small merchants
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| domain | founded_year | HQ Location |
Provides suite solutions for government agencies
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| domain | founded_year | HQ Location |
Operates a decentralized network connecting micro businesses for enhanced collaboration.
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| domain | founded_year | HQ Location |
Alternate cash payment options for online purchases are facilitated.
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| domain | founded_year | HQ Location |
Mobile payment software is provided to financial institutions and operators.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Fuze Network
When was Fuze Network founded?
Fuze Network was founded in 2009 and raised its 1st funding round 1 year after it was founded.
Where is Fuze Network located?
Fuze Network is headquartered in Salt Lake City, United States. It is registered at Salt Lake City, Utah, United States.
Is Fuze Network a funded company?
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 15, 2010.
What does Fuze Network do?
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.
Who are the top competitors of Fuze Network?
Fuze Network's top competitors include DiGiSPICE, yufin and CIT VERiCASH.
Who are Fuze Network's investors?
Fuze Network has 6 investors. Key investors include Ingo Money, Ribbit Capital, Matrix, Deciens Capital, and Kickstart Fund.