Payments and DeFi-centric Blockchain, Fuse Network, Announces Major Integration with Sushi

Sushi | January 19, 2022

In a major milestone for the project, a leading payment and decentralized finance (DeFi) blockchain player, Fuse Network, today announced their integration with leading mutlichain DeFi protocol Sushi. This comes after rapid platform and ecosystem growth for Fuse.

Launched in 2020, Sushi's components include a decentralized exchange (DEX) protocol, the Kashi lending protocol, the BentoBox dApps ecosystem, the xSUSHI staking platform, the Miso initial DEX offering (IDO) platform and the upcoming Shōyu NFT marketplace. Sushi's native SUSHI token powers the platform's governance and is used to reward the liquidity providers on the incentivized trading pools on SushiSwap.

As part of the integration, the SushiSwap automated market maker (AMM)-based decentralized exchange (DEX) and the liquidity provisioning interface have been deployed to the Fuse Network blockchain. At a later stage, the Kashi lending network and Miso initial DEX offering platform will be added.

In order to bootstrap liquidity to the new major DEX, Fuse will also launch liquidity rewards programs on certain trading pools on SushiSwap. The exact trading pools and details of the program will be announced separately.

Sushi is a multichain powerhouse in the DeFi space that was among the technology's pioneers before it was cool. Sushi's extension to Fuse is testimony to the progress that Fuse has made since its launch and its unique value proposition as a mobile-centric blockchain platform."

Fuse Network CEO Mark Smargon

About Fuse
Fuse is a platform featuring a fast and low-cost, Ethereum-compatible blockchain, a robust plug-and-play mobile-centric crypto payments infrastructure for creating token-based applications and a rapidly growing ecosystem of payments, decentralized finance and NFT projects.

About Sushi
Sushi is a leading all-in-one DeFi platform and ecosystem running on multiple EVM-compatible blockchains. At its core it relies on the AMM-based DEX SushiSwap that is listed in the top 5 DEXes by trading volume. Sushi's community governance is powered by the protocol's native SUSHI token.


CFO 3.0: Digital transformation beyond financial management is a new guide that looks at the evolution of the chief financial officer. It will show you how technology, such as artificial intelligence and automation, can help you take your finance team and your role to the next level. CFO 3.0: Digital transformation beyond financ


CFO 3.0: Digital transformation beyond financial management is a new guide that looks at the evolution of the chief financial officer. It will show you how technology, such as artificial intelligence and automation, can help you take your finance team and your role to the next level. CFO 3.0: Digital transformation beyond financ

Related News

Financial Management, Fintech

FullCircl acquires W2 Global Data Solutions: Transforming the Future of Smart Customer Onboarding

PR Newswire | August 24, 2023

FullCircl, the Customer Lifecycle Intelligence (CLI) platform that helps financially regulated businesses do better business, faster, has announced the acquisition of W2 Global Data Solutions, a provider of real-time digital solutions for global regulatory compliance. The acquisition strengthens FullCircl's compliance suite and accelerates the company's ambition to become the market leader in smart customer onboarding solutions for regulated businesses. With expansive datasets and deep subject matter expertise in identity verification, W2's global KYC, AML, and anti-fraud services are a natural complement to FullCircl's medium-term growth strategy. It will enable further enhancements to FullCircl's suite of applications and APIs, while creating a unique end-to-end solution for companies seeking to embed insight on customers through acquisition, onboarding, and ongoing monitoring. The combined company now provides coverage on entities located in 160 countries, offers broader market appeal, and new opportunities to target consumer-related finance segments such as personal finance, gaming, gambling, and crypto. W2 brings 120 customers to FullCircl's 600-strong customer base, with no overlap. Under the terms of the agreement W2 will trade as "W2 by FullCircl". Warren Russell will continue to lead the business and will join the senior management team at FullCircl. FullCircl will also seek to retain the W2 team, recognising that the value of W2 lies in the combination of its product, data partnerships, customers, and talent. Existing W2 and FullCircl customers will not see any impact to their relationships but will now be able to benefit from the power of the combined platform and the acceleration of new capabilities for as yet unsolved industry challenges. Speaking about the acquisition, Andrew Yates, CEO at FullCircl, commented, "Today we are excited to announce the latest milestone in the growth of our company, with the completion of our acquisition of W2. W2 shares our vision to help regulated businesses mitigate risks and deliver next-generation onboarding that meets both customer expectations and the compliance requirements of our rapidly changing world. This is great news for customers of both W2 and FullCircl, who will benefit from enhancements that will transform their compliance and risk management processes. We look forward to welcoming our new colleagues and together building on our combined expertise to deliver something truly game changing." "We are thrilled to become part of the FullCircl family," said Warren Russell, Founder and CEO of W2. "This is the culmination of 12 years' work, building innovative technology to simplify complex regulatory requirements in customer onboarding. From our initial discussions with the FullCircl team, it was clear that we held the same values and mission, with commitment to our people, innovation, customer success, and growth. We are absolutely delighted to join FullCircl and embark on the next ambitious chapter with our clients and partners. Together we look forward to not only continuing our mission but amplifying it, as we leverage shared resources and expertise." About FullCircl FullCircl is a Customer Lifecycle Intelligence (CLI) platform that helps B2B companies in financially regulated industries do better business, faster. Its solutions allow front and middle office teams to win the right customers, accelerate onboarding and keep them for life. Best-in-class data enrichment provides a comprehensive customer view and a powerful, low-code rules engine reduces the regulatory burden and drives greater automation. Through its web applications and APIs, FullCircl drastically reduces the cost to acquire and serve the right business customers. FullCircl was formed following the merger of Artesian Solutions and DueDil. Backed by top tier investors including Octopus Investments, Notion Capital, Augmentum Fintech and notable angel investors, FullCircl brings together decades of combined experience serving UK financial institutions. Today, it serves some 600 customers and 15,000 users. About W2 Global Data W2 provides Know Your Customer (KYC), Anti-Money Laundering (AML), Document Verification, Know Your Business (KYB), and Financial Risk checks through a single orchestration platform. W2's solutions enable regulatory compliance for both onboarding and ongoing monitoring on a global scale. W2 has access to leading data and service providers ensuring that up to date and reliable information is available via a single access point; empowering businesses to satisfy regulatory requirements and make informed decisions about their customers. W2's mission is simple; complexity should never be a barrier to business. W2 provides 480 services leveraging data from 21 different suppliers, through one single point of access. It provides real-time access to official company filings from over 365 million entities in over 160 countries. Through a single API integration, W2 processes over 300 million onboarding and monitoring transactions per month and facilitates the onboarding of 200,000+ client customers annually.

Read More

Financial Management, Investment Management

Covenant Capital Selects Clearwater Analytics for Investment Data Management and Portfolio Analytics

PRnewswire | July 25, 2023

Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced that Singapore-based independent wealth manager Covenant Capital has selected Clearwater Analytics to automate investment data management, conduct portfolio analytics and reporting, and enhance its services for high-net-worth clients with valuable growth opportunities. Covenant Capital caters to high-net-worth individuals and families across Asia. Clearwater's state-of-the-art reporting platform will support Covenant Capital's reporting requirements, offering automation, reporting consistency and an overall improved digital end-user experience. By streamlining operational tasks and eliminating inefficiencies, Clearwater will facilitate accurate, scalable reporting, becoming an integral and reliable technology within Covenant Capital's operating model. "We believe Clearwater offers the ideal combination of expertise and technological capabilities to support Covenant Capital," said Edwin Lee, CEO at Covenant Capital. "We will gain several significant advantages, including data consolidation that reduces manual data entry and operational risks. Access to interactive dashboards and a single view of investment portfolios will empower our team to analyze data comprehensively and derive valuable insights. With Clearwater's local support and commitment to our clients' needs, we'll be able to expand our business and provide our clients with accurate data on a timely basis." "We're delighted to welcome Covenant Capital to our growing client family in Asia," said Scott Erickson, Chief Revenue Officer at Clearwater Analytics. "Prominent wealth managers around the world, including Covenant Capital, attribute their choice of Clearwater to our robust data infrastructure. When organizations choose us over other vendors, they gain access to the highest quality and industry-leading investment reporting platform that enables their relationship managers to drive returns for their clients. The holistic perspective we provide empowers them to increase revenue retention and seize growth opportunities." About Clearwater Analytics Clearwater Analytics (NYSE: CWAN), a global, industry-leading SaaS solution, automates the entire investment lifecycle. With a single instance, multi-tenant architecture, Clearwater offers award-winning investment portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. Each day, leading insurers, asset managers, corporations, and governments use Clearwater's trusted data to drive efficient, scalable investing on more than $6.4 trillion in assets spanning traditional and alternative asset types. Additional information about Clearwater can be found at

Read More

Financial Management

Momnt and Acorn Finance Join Forces to Transform the Future of Lending for Home Improvement Merchants

Business Wire | August 14, 2023

Momnt, a leading financial technology company specializing in real-time lending and payment solutions for businesses, today announces the launch of Acorn Finance powered by Momnt. In a first-of-its-kind partnership, Acorn Finance’s direct-to-consumer lending platform has combined direct and indirect lending with embedded financing by integrating Momnt’s market-leading fintech. This integration created the most comprehensive solution for home improvement merchants in the U.S., enabling Acorn Finance to bring faster funding, more attractive APRs, and deal-closing promotional loans to its vast network of over 10,000 merchants. “Taking our merchants to the next level is what this partnership is all about,” said Giri Addanki, CEO of Acorn Finance. “By partnering with Momnt, we’ve given options to our merchants that they couldn’t have accessed on the open market.” Acorn Finance has incorporated the industry-leading and popular features of Momnt’s financial technology, including multiple finance product offers for all qualified consumer applications, same-day funding for merchants, and consumer loan decisions in real-time. “What excites us the most about this partnership is how we’re providing home improvement merchants with unparalleled growth opportunities through our products and technology, made possible exclusively through the implementation of embedded lending,” said Michael O’Connell, VP of Partnerships at Momnt. About Momnt Momnt powers modern lending solutions that enable businesses to provide low-friction financing to their customers at the moment they need it — all funded by trusted lending partners. Its API-based platform leverages alternative data sources and ML/AI-informed decisioning to present real-time loan offers fit to each individual borrower, all done within the banking industry’s current regulatory infrastructure. About Acorn Finance Acorn Finance is the world’s first embedded lending marketplace for home improvement financing, driving better outcomes for borrowers, lenders, contractors, and software vendors. Borrowers can shop for the best rates from the best lenders, all within a few seconds and fewer clicks. Lenders can reach more homeowners while testing the ideal rates for optimum engagement. Contractors can increase sales by offering financing to customers at no extra cost to themselves.

Read More