What does Spinwheel do?
Spinwheel is a real-time consumer credit data and payments AI company that partners with lenders, marketplaces, and personal financial management platforms. Its platform uses APIs and an agentic AI system to provide verified, real-time consumer credit data and streamline payment processing within existing workflows.
How much did they raise?
The company raised $30M in Series A funding. The round was led by F-Prime with participation from QED Investors, Foundation Capital, and Fika Ventures.
What are their plans for the money?
With the new funds, Spinwheel intends to accelerate the development of its agentic AI platform, expand its data sets and product offerings, and scale its go-to-market team, potentially enhancing the consumer credit ecosystem further.
What have they achieved so far?
Spinwheel's platform already supports over 15 million users and 165 million connected credit and liability accounts, and it facilitates more than $1.5 trillion in consumer debt, demonstrating its significant impact on the market.