Spinwheel, an agentic AI-powered credit data and payments platform, received a strategic investment from Citi Ventures. This funding supports the company's continued go-to-market expansion and platform development. The specific investment amount was not disclosed.
Accelerating AI-Powered Credit Solutions
The investment will further Spinwheel's agentic AI platform and expand its data sets and product offerings. Citi Ventures will also provide guidance on product use cases for major financial institutions. Consequently, Spinwheel aims to enhance its real-time consumer credit data capabilities.
Spinwheel's credit platform integrates real-time consumer credit data with payments infrastructure via APIs. Its proprietary technology requires only a phone number and date of birth, simplifying user actions. This approach offers a more complete consumer credit profile, differentiating it from traditional credit bureaus like Experian.
The Spinwheel credit platform currently serves over 15 million users and manages 165 million connected credit and liability accounts. Furthermore, it facilitates over $1.5 trillion in consumer debt across its network. This strategic investment follows Spinwheel's $30 million Series A round.
Spinwheel partners with lenders, marketplaces, and personal financial management platforms. It provides verified consumer credit data and payment processing within client workflows. This strengthens the Spinwheel credit platform's position in the financial technology sector, alongside other data providers such as Plaid.
