Spinwheel Raises $30 Million to Power Consumer Credit Data Platform

Updated

Jun 27, 2025

Consumer credit data platform Spinwheel raised $30 million in new funding.


The company’s Series A round will help Spinwheel accelerate the development of its agentic artificial intelligence capabilities, according to a Monday (June 23) press release.

“Today, the consumer credit ecosystem is buckling under the weight of legacy systems,” the release said. “U.S. consumer liabilities have reached $19.5 trillion, which is up from $13.3 trillion just a decade ago. Additionally, the average American holds between 10 to 14 credit accounts. Despite the scale, the infrastructure supporting credit data access and payments remains fragmented, slow and riddled with friction for financial institutions, while consumers are left juggling multiple logins and outdated information.”

Read the full article here.

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