US-based fintech firm Spinwheel has raised $30 million in Series A funding to advance its mission of transforming how consumer liabilities are accessed, managed, and resolved across the financial ecosystem.
The round was led by F-Prime Capital, with participation from QED Investors, Foundation Capital, and Fika Ventures.
Spinwheel plans to use the funding to enhance its platform capabilities, scale its operations, and accelerate the adoption of its real-time credit data and payments infrastructure. The company’s technology currently supports over 15 million users, connects to 165 million credit and liability accounts, and spans more than $1.5 trillion in consumer debt.
At the core of Spinwheel’s offering is an embedded API platform that simplifies and automates access to real-time credit data. It enables financial institutions to process payments and manage consumer liabilities more efficiently, helping them deliver improved credit outcomes for their users.
The fresh capital will also support the development of Spinwheel’s agentic AI platform, expand its data reach—including into non-traditional credit sources—and grow its go-to-market and product teams. The company is doubling down on automation features to enhance the accuracy and timeliness of credit management processes.
“We’re addressing this challenge by building the core infrastructure that will shape the future of the consumer credit ecosystem. This represents a significant opportunity—one we believe will surpass even the impact of open banking. By grounding our approach in first principles and driving continuous innovation, we’re empowering financial institutions to deliver improved credit outcomes for consumers at an unprecedented scale.”
David Jegen, Managing Partner at F-Prime, commented:
“Spinwheel is addressing one of the most critical and underserved areas in financial data: real-time visibility into consumer liabilities. While open banking has focused on assets, there remains a significant opportunity in illuminating the liability landscape—across credit cards, mortgages, student loans, and beyond.
We’re still in the early stages of this category’s growth. Spinwheel’s technical expertise and market insight position it well to lead in a space where the complexity is high and the impact is far-reaching.”
With this latest funding, Spinwheel is positioning itself as the infrastructure backbone for consumer credit, helping financial institutions bridge the gap between data and action in an increasingly dynamic lending environment.
