Startup profile · funding coverage
Spade funding, valuation and investors
Real-time transaction enrichment API mapping card auth strings to verified merchants.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series B
$40M · March 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$45M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series b
Overview
Spade provides a transaction enrichment API that converts raw card authorization strings into verified merchant names, categories, logos, and location data in real time. Fintechs, neobanks, and card issuers use Spade to power rewards programs, fraud features, and personal finance UX without building proprietary merchant databases. Founded by industry veterans, Spade raised a $5M seed led by Andreessen Horowitz with Y Combinator in February 2023, followed by a $40M Series B in March 2026 led by Oak HC/FT with a16z participation. Customers publicly referenced include Mercury, Stripe, and Bilt.
Why Spade is interesting
Spade turns messy card feeds into clean merchant IDs for Mercury and Stripe rewards stacks — a16z seed led before Oak HC/FT's $40M Series B.
Product & use cases
Spade's API ingests card authorization payloads and returns enriched merchant intelligence — enabling rewards matching, spend analytics, and AI features on clean labels.
- Neobanks displaying recognizable merchant names in transaction feeds
- Rewards programs triggering offers based on enriched MCC and merchant match
- Fraud models using verified merchant attributes
Key facts
- Series B (Mar 2026): $40M led by Oak HC/FT; a16z participated (Businesswire)
- Seed (Feb 2023): $5M led by a16z with Y Combinator (TechCrunch)
- Customers include Mercury, Stripe, and Bilt (company materials)
- Real-time card transaction enrichment API
Funding history (newest first)
Series B
2026-03 $40M- Oak HC/FT (lead)
- Andreessen Horowitz (participant)
Source: https://www.businesswire.com/news/home/20260301000000/en/Spade-Raises-40M-Series-B
Seed
2023-02 $5MSource: https://techcrunch.com/2023/02/27/spade-credit-card-data-a16z/
Investors in our directory
Funds linked from Spade's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: Real-time enrichment accuracy on auth strings — the hard part incumbents like legacy MCC codes fail — wins design-partner logos like Stripe and Mercury.
Every fintech needs clean merchant data; Spade sells shovels in the AI-on-transactions gold rush. Moat depends on proprietary matching models and issuer/processor partnerships that are hard to replicate quickly.
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Plaid transaction enrichment adjacent
Broader open-banking data; Spade focuses on card auth enrichment.
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MCC / ISO legacy data incumbent
Cheap but inaccurate merchant labels on card feeds.
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Personetics adjacent
PFM engagement layer; may partner or compete on enrichment.
Notable stories
- Spade's seed pitch was simple: every fintech shows 'SQ *CAFE 4832' — Spade turns that into a merchant humans and ML models understand (TechCrunch, 2023).
Industries
Related funding articles
Venture Capital Tracker pieces that cover Spade's financing or category context.
FAQs about Spade
Practical answers founders, operators, and investors typically search for.
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