Spade, a NYC-based provider of real-time merchant intelligence for the card ecosystem, raised $10M in Series A funding.
The round was led by Flourish Ventures with continued participation from a16z, Gradient Ventures, Y Combinator, Dash Fund, and Everywhere Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Oban MacTavish, Spade provides real-time merchant intelligence for the card ecosystem. The company leverages its database to link any card transaction to a real merchant identity – providing granular merchant, category, and geolocation information. Customers such as Mercury, Sardine, Ramp, and Unit use Spade’s data to authorize more transactions, prevent fraud, and build more innovative features.
FinSMEs
06/12/2023