Spade Raises $40M to Expand Transaction Data Intelligence Platform #
Spade has raised $40m in funding to further develop its transaction data analysis platform, which focuses on improving how financial institutions interpret and enrich payment data. The company provides tools that help banks and fintechs better understand transaction details, including merchant identification and categorisation, addressing long-standing gaps in raw payment data
The investment reflects increasing demand for higher-quality transaction data as financial institutions look to enhance user experience, risk controls, and internal analytics. More accurate and structured data can support use cases such as personal finance management, fraud detection, and compliance. The funding will be used to scale Spade’s capabilities and expand its presence across financial services clients.