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Enriched transaction data you can build on
Spade has raised $61.0M across 5 funding rounds.
Key people at Spade.
Spade was founded in 2021 by Cooper Hart (Founder) and Oban MacTavish (Founder).
Spade has raised $61.0M in total across 5 funding rounds.
Spade is the next generation of fintech infrastructure. We’re building a financial data enrichment API purpose built to empower our customers to uncover the truth hidden within their transaction data. We use our vast, ground-truth merchant data set to decipher cryptic transactions, helping customers underwrite, detect fraud, build better banking infrastructure and get a unique understanding of their users’ spending habits.
Key people at Spade.
Spade was founded in 2021 by Cooper Hart (Founder) and Oban MacTavish (Founder).
Spade has raised $61.0M in total across 5 funding rounds.
Spade's investors include Oak HC/FT, Marc Andrusko, Allen Miller, Andreessen Horowitz, Flourish Ventures, Gradient Ventures, National Bank of Canada, NAventures, Y Combinator, Banana Capital, Battery Ventures, Jenny Fielding.
Spade is a fintech startup founded in 2021 that provides an enriched transaction data API designed to empower financial institutions, particularly card issuers, with superior, real-time merchant data. Its product enhances the standard transaction information by adding detailed merchant identification, geolocation, and categorization, enabling clients to authorize more transactions, reduce fraud, and build better banking infrastructure. Spade serves fintech companies and aims to expand to large U.S. banks, helping them make more informed payment decisions and improve fraud detection by over 15%. The company is growing rapidly, with plans to scale its team and customer base significantly[1][2][4].
Spade was co-founded by Oban MacTavish (CEO), Tess Bloch, and Cooper Hart in 2021. MacTavish previously co-founded Hubly, a SaaS platform for independent RIAs. The idea emerged from the need to improve the quality and speed of transaction data available to card issuers, which traditionally rely on incomplete and inaccurate merchant information. Early traction came from fintech clients like Mercury, Sardine, Ramp, and Unit, validating the product’s value in fraud detection and transaction authorization. The company has raised $16.1 million in venture capital, including investments from Andreessen Horowitz and Flourish Ventures, supporting its growth and product development[1][2][4].
Spade rides the growing trend of fintech infrastructure modernization, addressing the critical need for better transaction data to combat rising credit card fraud and improve payment authorization. The timing is favorable as banks and fintechs face increasing pressure to reduce fraud losses and enhance customer experience. By enriching transaction data with accurate merchant details and geolocation, Spade helps transform an outdated card data infrastructure, enabling more precise underwriting, fraud detection, and personalized financial services. This innovation supports broader market forces pushing for transparency, security, and smarter financial products in the payments industry[1][3][4].
Looking ahead, Spade is poised to expand beyond its current fintech client base into major U.S. banks and potentially international markets. Its growth will be shaped by ongoing trends in fraud sophistication, regulatory demands for transparency, and the increasing importance of real-time data in financial services. As Spade scales its team and technology, it could become a foundational layer in the payments ecosystem, driving new product innovations and helping financial institutions reduce fraud and increase transaction approval rates. The company’s mission to overhaul credit card transaction data infrastructure aligns with a broader fintech evolution toward enriched, actionable data at the point of transaction[1][4].
Spade has raised $61.0M across 5 funding rounds. Most recently, it raised $40.0M Series B - 2026-03 in March 2026.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2026 | $40.0M Series B - 2026-03 | Oak HC/FT, Marc Andrusko, Allen Miller | Andreessen Horowitz, Flourish Ventures, Gradient Ventures, National Bank of Canada, NAventures, Y Combinator |
| Dec 1, 2023 | $10.0M Series A | Flourish Ventures | Banana Capital, Battery Ventures, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), Homebrew, LGF, Ludlow Ventures, Osbon Capital Management, Hayden Simmons, Streamlined Ventures, The Fintech Fund, Tom Blomfield, William Hockey, Zachary Rapp, Andreessen Horowitz, Dash Fund, Gradient Ventures, Y Combinator |
| Feb 27, 2023 | $5.0M Seed | Andreessen Horowitz | Dash Fund, Gradient Ventures, Y Combinator |
| May 1, 2022 | $5.0M Seed | Andreessen Horowitz, Banana Capital, Conversion Capital, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), Fin Capital, Flex Capital, Greylock, Khosla Ventures, LGF, Ludlow Ventures, Hayden Simmons, Runway Growth Capital, Streamlined Ventures, The Fintech Fund, Tom Blomfield, Zachary Rapp | |
| Dec 1, 2021 | $1.0M Seed | Banana Capital, Jenny Fielding, Scott Hartley, Everywhere Ventures (The Fund), LGF, Ludlow Ventures, Hayden Simmons, Streamlined Ventures, The Fintech Fund, Tom Blomfield, Zachary Rapp |