Find XO: Breaking Legacy Finance with AI: Fuse Raises $25 Million (techcrunch.com)
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- Fuse has created a $5 million fund to cover customers' penalties for terminating existing software contracts.
- Rather than just offering a great loan screening product, they absorb the client's contract cancellation costs as a sales expense.
- This approach is worth noting if we also sell products that replace legacy systems.
- However, even if penalties are handled, if concerns about data migration and business interruption are not alleviated, contract signing may continue to be delayed.