Spade Inks $40M Series B Financing Round

Spade announced $40 million in a Series B financing round.

The round was led by Oak HC/FT with participation from Andreessen Horowitz, Flourish, Gradient, NAventures, National Bank of Canada's corporate venture arm, and Y Combinator.

Spade will use the funding to deepen platform capabilities, expand the team, and meet demand from financial institutions and fintechs.

Spade's platform turns transaction strings into structured, verified records and provides enhanced transaction data to power AI initiatives, offering tools for authorization, attribution, analytics, and AI use cases.

Spade leads the market in merchant coverage, matching accuracy, geolocation data, and speed of transaction enrichment; customers include Bilt, Mercury, and Stripe.