Spade Raises A $10M Flourish Ventures-Led Series A To Provide Card Issuers With The Most Comprehensive And Truly Real-Time Merchant Intelligence To Power Critical Authorization Decisions

Dec 06, 2023•over 1 year ago

Amount Raised

$10 Million

Round Type

series a

New YorkFinancial Services

Investors

Everywhere VenturesDash FundY CombinatorGradient VenturesA16zFlourish Ventures

Description

Spade, the fastest and most accurate provider of real-time merchant intelligence for the card ecosystem, closed a $10M Series A round led by Flourish Ventures with continued participation from a16z, Gradient Ventures, Y Combinator, Dash Fund, and Everywhere Ventures (The Fund).

Company Information

Company

Spade

Location

New York, United States

About

Spade is the only transaction data enrichment solution backed by real data. We leverage our vast first-party data network to bring instant clarity and context to every purchase and payment—with precisely matched merchant, category, and geolocation details that empower you to build the next generation of financial technology.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Spade Raises A $10M Flourish Ventures-Led Series A To Provide Card Issuers With The Most Comprehensive And Truly Real-Time Merchant Intelligence To Power Critical Authorization Decisions

Investors

Description

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