Spade, a fintech that leverages data and AI to improve how financial institutions use transaction data, raised $40 million in Series B funding.
The fintech said in a press release that the round was led by Oak HC/FT with participation by Andreessen Horowitz, Flourish, Gradient, NAventures, National Bank of Canada’s corporate venture arm, and Y Combinator.
Spade, founded in 2021, said it will use the new funding to add more platform capabilities, expand its team and “meet growing demand from financial institutions and fintechs that rely on Spade’s foundational enhanced transaction data to power AI initiatives.”