Fuze Network has built a proprietary payments network that lets retailers (with or without traditional POS) process cash payments that are credited to any card, deposit to debit cards, or load prepaid cards via products such as Swipe2Pay. The company also offers a BillPay Card for in‑store cash bill payments, find‑a‑location tools (Where2Pay, Where2Load, Cash Locator), and an online processing platform called FuzeFlow. The team targets cash‑preferred customers and positions its product as serving consumers who carry multiple cards rather than labeling them as "under‑banked." Founded in 2009 and based in Salt Lake City, Fuze says it can process payments at 17,000 banks and 100,000 retail locations nationwide. Operationally, the company processes over $25 million per month and executes more than 300,000 card credit transactions per month. The product set is positioned to simplify bill payments for billers, retailers and consumers without requiring changes to existing POS infrastructure. Fuze Network is a Salt Lake City, Utah–based payments technology company that provides merchants and billers with low-cost options for customers to find and make payments at more than 17,000 banks and 100,000 retail locations nationwide. Its core product is a Payments Gateway, and the company has recently introduced a Cash Locator service that presents locally available payment networks (ATMs, banks, cash back merchants, load networks) in a single consumer view. Led by CEO Dave Wilkes, Fuze focuses on expanding merchant and consumer access to low-cost payment rails. The company completed a $1.2M seed financing to support that expansion. The funds are intended to accelerate growth of its Payments Gateway. The article does not disclose other financial metrics.

Total raised

$4M

Funding rounds

2

Latest round

Series A

Latest activity

Sep 2012