Spinwheel Blog: Introducing Spinwheel Network: Our Single, Credentialed Token and Proprietary Network for Fintech Innovators

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Introducing Spinwheel Network: Our Single, Credentialed Token and Proprietary Network for Fintech Innovators

Updated

Nov 19, 2025

Connecting consumers to credit, payments, and financial opportunities is becoming more complex creating increased and unnecessary friction, delays, and risk. Each extra step means more drop-offs, more fraud exposure, and higher costs in the end.

Customers expect easy and simple experiences that deliver financial solutions aligned with their changing needs or situations. According to The Financial Brand research, banks lose an estimated 60% of potential customers due to complex and frustrating onboarding processes. In addition, customer abandonment rates exceed 50% if opening a new account digitally takes more than three to five minutes.

Spinwheel Network is changing that.

Today, we launched Spinwheel Network, a new proprietary financial data exchange that links verified consumers with institutions in the financial, lending and marketplace ecosystem through a single, persistent credentialed token.

Spinwheel Network unifies and verifies identity, data, and payments real-time through a single, unique and dynamic token that travels with the consumer and enables network members to use the most accurate profile to make smarter credit decisions, build stronger conversion, and reduce risk.

Consumers consent to authenticate once with just their phone number and date of birth. Their verified user and PII data flows securely across Network members of choice. Spinwheel Network and our verified and permissible data connectivity through token technology eliminates passwords, usernames, or friction and easily integrates into our clients’ existing workflows from verification to insight to transaction and product offerings.

Financial organizations, lenders and marketplaces within the Spinwheel Network will:

Reduce fraud through real-time, secure, compliant data sharing
Improve consumer onboarding and lead sharing experience
Decrease operational and customer acquisition costs
Build trust by simplifying the experience for both consumer and network member

Why this matters.

For consumers, that means a faster, safer, and smarter experience from credit discovery to loan repayment.

For Network members, it means lower fraud risk, reduced onboarding costs, and stronger conversions and access to Spinwheel’s full portfolio of connected data and payments solutions.

“For marketplaces, lenders, and financial platforms that struggle with fragmented onboarding, high fraud risk, and costly manual processes, Spinwheel Network is the connected financial infrastructure that enables verified, frictionless consumer experiences,” said Tomás Campos, co-founder and CEO of Spinwheel. “Clearing the way to help our clients deliver efficient and better financial outcomes for their customers starts with simple, real-time, and verified data and credit profiles that will deliver a better experience.”

For more information about the Spinwheel Network or to schedule a demo, please reach out directly.