Spinwheel, a leader in real-time consumer credit data and payments, has received a strategic investment from Citi Ventures to advance its agentic AI platform. This funding will drive growth, enhance product offerings, and empower financial institutions to deliver better credit outcomes for consumers.
Spinwheel secures strategic investment from Citi Ventures.
Funding supports AI platform expansion and market growth.
Platform manages $1.5T in debt for 15M+ users.
Uses credential-less tech for seamless credit data access.
Addresses $18T+ U.S. consumer debt challenge.
Aligns with Citi’s vision for innovative finance solutions.
Spinwheel announced a strategic investment from Citi Ventures on September 4, 2025, marking a significant milestone following its $30 million Series A round in June. The investment, backed by leading investors like F-Prime, QED Investors, and others, will fuel Spinwheel’s go-to-market strategy, expand its agentic AI platform, and enhance its data sets and product offerings. Citi Ventures will also provide strategic guidance on product use cases for major financial institutions. Arvind Purushotham, Head of Citi Ventures, stated, “We assessed the credit data landscape as part of our due diligence, and Spinwheel’s innovative platform is a leader in how U.S. consumer credit information is accessed and managed.”
With U.S. household debt exceeding $18 trillion, up 30% since 2020, managing credit has become increasingly complex. Mortgages, credit cards, auto loans, and student loans contribute to rising delinquency rates, with 12% of credit card holders delinquent compared to 6% in 2014. Spinwheel’s platform addresses this by integrating real-time credit data with payments infrastructure, enabling lenders and financial platforms to streamline operations. Tomás Campos, Spinwheel’s co-founder and CEO, noted, “Citi is one of the most innovative and trusted financial institutions in the world and their strategic investment aligns closely with our mutual vision to improve the financial outcomes for millions of consumers.”
Spinwheel’s proprietary, credential-less technology simplifies credit data access, requiring only a phone number and date of birth. This streamlines user interactions and provides a comprehensive credit profile via APIs. Supporting over 15 million users and 165 million accounts, Spinwheel facilitates $1.5 trillion in consumer debt. Purushotham added, “Spinwheel is rewiring how real-time credit data can be combined with payments infrastructure to manage consumer credit, and this aligns closely with Citi Ventures’ vision for the future of finance.”
Spinwheel’s partnership with Citi Ventures positions it to redefine the consumer credit ecosystem. By leveraging AI and real-time data, Spinwheel empowers financial institutions to deliver smarter, faster, and more secure credit solutions, improving outcomes for millions of consumers.
Spinwheel, a real-time consumer credit data and payments agentic AI-powered company, is revolutionizing the consumer credit ecosystem. The company partners with lenders, marketplaces and personal financial management platforms to provide real-time, verified consumer credit data to process payments as part of their clients' existing workflow and operations via APIs and its agentic AI platform. Founded in 2019, Spinwheel has grown to more than 15 million users and 165 million accounts, facilitating $1.5 trillion in connected debt across its network. The company is backed by F-Prime, QED Investors, Foundation Capital, Core Innovation Capital and Fika Ventures.
Citi Ventures catalyzes innovation at Citi by investing in the category-defining startups revolutionizing financial services. We invest strategically on behalf of Citi’s US Personal Banking, Wealth, Banking and Client organizations and work closely with our active portfolio of over 150 companies to deliver transformative new capabilities for the firm and its clients. Powered by the world’s most global bank, we help startups innovate, build and scale at incredible velocity across FinTech, AI & Data, Future of Commerce, Security & Enterprise IT, Customer Experience & Marketing, PropTech and DLT & Digital Assets. Founded in 2010, our team is headquartered in San Francisco with offices in New York, London, Palo Alto, Singapore and Tel Aviv.
TechIntelPro empowers B2B technology decision-makers with the latest industry trends, deep insights, leadership perspectives and actionable intelligence to drive both organizational and professional milestones—and thrive on the tech pulse.