“Can a sports-first live-TV streaming service survive consolidation by merging with Hulu + Live TV and monetizing subscribers through bundled payments and digital wallet features?”
Founded in 2015 as a niche soccer streaming service, Fubo pivoted to an all-sports vMVPD by 2017, competing directly with Sling TV and DirecTV Now. Going public in 2020 via a SPAC-style merger, the company expanded aggressively into sports wagering before shelving those plans. The most significant structural shift came in 2025 with its business combination with Hulu + Live TV, backed by a $145M Disney term loan, repositioning Fubo as a scaled live-TV streaming platform rather than a startup insurgent.
Fubo discloses Sutton Bank as its banking provider, according to the Embedded Finance Index 2026.
Fubo does not disclose a bank charter of its own; its banking services are provided through Sutton Bank.
Fubo processes payments through Adyen.
The Embedded Finance Index 2026 maps 3 layers in Fubo's stack: Payments / PSP (Adyen); Banking / BaaS (Sutton Bank); Sponsor bank (Sutton Bank).
Fubo was founded by David Gandler and is founded in 2015, headquartered in New York, NY (Midtown Manhattan).
Fubo has raised $75M+ (pre-IPO VC rounds) in total (latest round: Series D, 2018).
Get a read on where your own stack stands against Fubo and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.