Spade is a data and AI platform for modern finance [8] founded in 2021 [12] and based in New York City [4]. The company was part of Y Combinator's Winter 2022 batch [5]. Spade takes messy transaction data and turns it into structured, verified records, with a platform, models, and tooling that help customers use it everywhere it matters [3]. More specifically, it enriches financial transaction data in real time, turning raw transaction strings into structured, verified merchant intelligence for banks and fintechs [2]. As of 2026, the company has a team of 30 people [13] and maintains an active status [6]. The company has open positions including Data Scientist (Mid-Sr), Account Executive, and Account Manager [1].
Funding
- Series B, $40MMar 25, 2026
with Oak HC/FT
Key people
Recent developments
- 6 open roles, including Data Scientist (Mid-Sr), Account Executive, Account Manager[1]Jul 22, 2026
Alumni
- Cooper HartCo-Founder & CTO
- Tess BlochCo-Founder, Operations
Funding history
- Spade raised a $40M Series B led by Oak HC/FT, bringing total reported equity funding to $61M. Founded in 2021 by Oban MacTavish, Tess Bloch and Cooper Hart.[3]Mar 25, 2026
Traction
- Spade processes billions of transactions monthly, with P99 enrichment latency under 50ms and 95% of physical transactions matched to an exact geolocation.[20]
Product
- Spade's use cases span risk and authorization decisions with enriched merchant and location data returned in under 50 milliseconds, rewards and attribution at merchant and location level, analytics and AI that give consistent merchant context across payment channels, and cleaner transaction descriptions that reduce disputes.[21]
- Spade builds a data and AI platform that enriches card transaction data in real time, turning raw transaction strings into structured, verified merchant and location intelligence for banks and fintechs.[22]
About
- We take messy transaction data and turn it into structured, verified records — with a platform, models, and tooling that help our customers use it everywhere it matters.[9]
- We take messy transaction data and turn it into structured, verified records — with a platform, models, and tooling that help our customers use it everywhere it matters.[17]
Backers
Oak HC/FT
Growth equity firm backing healthcare and fintech founders with checks from $1M to $100M, seed to growth, with offices in Stamford CT and San Francisco.
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