What it sells
Spade is the data and AI platform for modern finance.
Business model breakdown
Buyer: who owns the budget?
UnverifiedRisk, payments and product leaders at fintechs, banks and card processors (customers include PayPal, Bilt, Mercury, Coast; FIS as ecosystem partner).
Trigger: what makes them buy now?
UnverifiedMessy merchant descriptors cause poor authorization decisions, weak rewards matching and disputes that reach support.
Workflow: what inputs become what output?
Raw card/transaction strings are sent to Spade API, which returns enriched merchant and geolocation data in under 50 ms for authorization, rewards attribution, analytics and dispute deflection.
Economics: what it saves and how it charges
UnverifiedEnterprise data/API service priced on transaction volume (inferred); claims 1B+ transactions enriched per month, 99.9% US/Canada merchant coverage, 95% of physical transactions geolocated.
Distribution: how it reaches customers
Contact-sales enterprise deals plus ecosystem partners such as FIS.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| — | Y Combinator Winter 2022 | — | Y Combinator | ycombinator.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.