Oakland, CA - Jun 23, 2025 (UTC) - Spinwheel, the Oakland-based consumer credit data and payments company, has closed a $30 million Series A funding round led by F-Prime with participation from QED Investors, Foundation Capital, and Fika Ventures. The funding will accelerate development of the company’s agentic AI platform, expand its data sets and product offerings, and scale its go-to-market team as it builds foundational infrastructure to transform the consumer credit ecosystem.
The company’s real-time consumer credit data and payments platform currently supports more than 15 million users and 165 million connected credit and liability accounts, facilitating over $1.5 trillion in consumer debt across its network. Spinwheel addresses the challenges facing the $19.5 trillion U.S. consumer credit market, which has grown from $13.3 trillion just a decade ago, while still relying on legacy systems that create friction for both financial institutions and consumers.
“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providers are faced with immense customer service friction, high operational and acquisition costs, missing or outdated data sets and a cumbersome, disjointed experience for consumers who, in turn, are struggling to view, understand and manage numerous liability and credit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,” said Tomás Campos, co-founder and CEO of Spinwheel. “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.”
Spinwheel’s proprietary, credentialless technology requires only two data fields – phone number and date of birth – to deliver a complete consumer credit profile. The company partners with lenders, marketplaces, personal financial management platforms, and other financial companies to provide real-time, verified consumer credit data and process payments through APIs integrated into existing workflows.
“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,” said David Jegen, Managing Partner at F-Prime. “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.”
The funding will enable Spinwheel to further automate credit management through its agentic AI platform, expand into new access points for non-traditional data sources, and build out its go-to-market team. The company’s infrastructure maintains bank-grade security standards while making credit data more accessible and actionable for financial institutions and their customers.
About Spinwheel
Founded in 2019, Spinwheel is a real-time consumer credit data and payments AI company revolutionizing the consumer credit ecosystem. The company partners with lenders, marketplaces, and personal financial management platforms to provide real-time, verified consumer credit data and process payments through APIs and its agentic AI platform. Spinwheel has grown to serve more than 15 million users and 165 million accounts, facilitating $1.5 trillion in connected debt across its network. The company is backed by F-Prime, QED Investors, Foundation Capital, and Fika Ventures.
Media Contact:
Wendy Serafin
wendy@spinwheel.io
