Spade raised a $40 million Series B led by Oak HC/FT, with backing from major fintech and AI-focused investors including Andreessen Horowitz, Flourish, Gradient, NAventures, and Y Combinator, signaling strong institutional confidence in its payments data infrastructure model. The company plans to use the capital to deepen its platform, grow headcount, and expand from transaction enrichment into a broader payments intelligence offering, suggesting a strategy of moving up the value chain in financial data services. Analytically, the round positions Spade as a scaling fintech infrastructure player whose real-time transaction normalization technology is becoming increasingly valuable to banks and fintechs seeking better authorization, rewards, analytics, and customer experience capabilities.

Spade Lands $40 Million Series B