Spinwheel, the consumer credit ecosystem innovator, has raised $30 million in Series A funding, unlocking a new chapter in fintech, consumer debt, and real-time payments. With support from top investors and its agentic AI platform, Spinwheel plans to disrupt how consumer liabilities are accessed and managed.

“Financial providers are faced with immense customer service friction, high operational and acquisition costs, missing or outdated data sets and a cumbersome, disjointed experience for consumers who, in turn, are struggling to view, understand and manage numerous liability and credit accounts. We are transforming this challenge by building the foundational infrastructure to power the future of the consumer credit ecosystem,” said Tomás Campos, co-founder and CEO, Spinwheel.

In a fragmented financial world, Spinwheel emerges as a powerful ally. Its platform supports 15 million users and connects over 165 million consumer liability accounts, spanning $1.5 trillion in debt. By partnering with fintech platforms, lenders, and marketplaces, the company offers real-time, verified consumer credit data through streamlined APIs.

Using only a phone number and date of birth, Spinwheel bypasses outdated login systems to retrieve and automate data flows, offering a seamless experience. This credential-free process provides fintechs and banks with a comprehensive view of liabilities while safeguarding user privacy.

Strategic Investment to Scale Operations

Led by F-Prime Capital, with participation from QED Investors, Foundation Capital, and Fika Ventures, the funding will accelerate Spinwheel’s AI development and expand its go-to-market team. CEO Tomás Campos envisions a scalable infrastructure that turns raw consumer credit data into actionable workflows across the financial ecosystem.

Campos said, “We’re not just aggregating data. We’re a payment network that facilitates real consumer transactions. That’s how we close the loop.”

Initially focused on student loans, Spinwheel has since evolved to support a broader range of debt. Its platform now handles everything from credit card balances to auto loans, centralizing all liabilities within a single workflow for banks and fintechs.

With revenue growing 760 percent in the last 18 months and 50 million AI-powered transactions processed, the company is well-positioned to scale its transformative vision globally.

A Seamless AI-Powered Debt Solution

Debt continues to spiral, with US consumer liabilities now exceeding $19.5 trillion. Managing debt is often riddled with complexity, but Spinwheel’s real-time solution changes that. Its agentic AI platform processes payments, aggregates debt data, and reduces operational friction for clients like Monarch Money, NerdWallet, and Credit Karma.

“We believe this is an enormous opportunity that will outpace open banking. With a focus on first principles and innovation, we will elevate our financial clients’ ability to deliver better credit outcomes to consumers like never before,” said Tomás Campos.

This dynamic blend of Plaid-like data aggregation and Stripe-level payment execution helps clients reduce acquisition costs, increase revenue, and mitigate default risks. It also improves consumer satisfaction by minimizing digital fatigue from multiple account logins.

“Spinwheel is tackling one of the most complex and consequential frontiers in financial data: real-time consumer liabilities. While open banking has largely focused on assets, there is a large opportunity in mapping the full liability picture across credit cards, mortgages, student loans, and more,” said David Jegen, Managing Partner at F-Prime.

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