Spinwheel Raises $30M Series A to Scale US Consumer Credit Platform

Spinwheel, a FinTech company focused on consumer credit infrastructure, has raised $30 million in a Series A funding round led by F-Prime with participation from QED Investors, Foundation Capital, and Fika Ventures. The company’s real-time consumer credit data and payments platform supports over 15 million users and connects more than 165 million credit and liability accounts, managing over $1.5 trillion in consumer debt. With U.S. consumer liabilities rising from $13.3 trillion to $19.5 trillion in the past decade and consumers juggling numerous credit accounts, Spinwheel aims to address the fragmented and inefficient credit data systems. The new funding will be used to develop Spinwheel’s agentic AI platform, expand data capabilities and product offerings, and scale go-to-market operations. CEO Tomás Campos emphasized that Spinwheel is building foundational infrastructure to transform the consumer credit ecosystem, reduce friction for financial providers, and improve credit outcomes for consumers. The company views this opportunity as surpassing open banking in significance by innovating from first principles to enhance financial workflows and services.