Spinwheel, a US-based FinTech company specialising in real-time consumer credit data and payments, has secured $30m in a Series A funding round aimed at transforming how liabilities are accessed and resolved across the financial ecosystem.
The round was led by F-Prime, with additional support from QED Investors, Foundation Capital, and Fika Ventures.
The funding will enable Spinwheel to expand its product capabilities and strengthen its market presence as demand for streamlined credit management infrastructure intensifies.
Spinwheel offers a real-time platform that supports over 15 million users and connects to 165 million credit and liability accounts, covering more than $1.5tn in consumer debt. Its mission is to simplify and automate access to credit data, enabling financial institutions to process payments and manage liabilities more efficiently through embedded APIs.
The new capital will be used to develop Spinwheel’s agentic AI platform, broaden its data coverage—including non-traditional sources—and expand its go-to-market team. The company is also investing in automation features to support more accurate and timely credit management, reinforcing its aim to become the foundational layer for the consumer credit ecosystem.
Spinwheel CEO and co-founder Tomás Campos said, “Financial providers are faced with immense customer service friction, high operational and acquisition costs, missing or outdated data sets and a cumbersome, disjointed experience for consumers who, in turn, are struggling to view, understand and manage numerous liability and credit accounts.
“We are transforming this challenge by building the foundational infrastructure to power the future of the consumer credit ecosystem. We believe this is an enormous opportunity that will outpace open banking. With a focus on first principles and innovation, we will elevate our financial clients’ ability to deliver better credit outcomes to consumers like never before.”
F-Prime managing partner David Jegen added, “Spinwheel is tackling one of the most complex and consequential frontiers in financial data: real-time consumer liabilities. While open banking has largely focused on assets, there is a large opportunity in mapping the full liability picture across credit cards, mortgages, student loans, and more.
“We’re in the early innings of this category’s evolution. Spinwheel’s team has the right combination of deep technical skill and market insight required to lead in a market where challenges are large and the stakes are high.”
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