Spade secures $40 million Series B funding to expand transaction data platform. The fintech company, founded in 2021, processes 1.9 billion transactions daily and achieved 470% year-over-year revenue growth in 2025. Spade's platform matches raw transaction data from card programs, ACH transfers and wires to verified businesses, delivering 99.9% U.S. and Canadian merchant coverage with over 99% accuracy. The funding will deepen platform capabilities and expand the team. Banks and financial institutions use Spade's enriched data for rewards attribution, authorization decisioning, analytics and AI initiatives. Recent partnerships with Stripe and Bilt demonstrate growing adoption. Oak HC/FT led the round, with the partner noting Spade is positioned to become essential data infrastructure for financial services.
