Spade builds a transaction-enrichment platform that matches raw payment data to a proprietary merchant database, delivering verified merchant intelligence with high coverage and accuracy. The platform offers real-time enrichment via low-latency APIs (P99 under 40ms) and provides granular attributes like geolocation and verified merchant categories. Spade’s foundation powers workflows across authorization decisioning, rewards attribution, analytics, and AI initiatives, and more than 85% of customers use it for multiple mission-critical functions. The company reported 470% year-over-year revenue growth and processed up to 1.9 billion transactions daily, serving customers including Stripe, Bilt, and Mercury. Going forward, Spade intends to expand from enrichment into a full payments intelligence platform that enables customers to create, manage, and automate business workflows.

Total raised

$55M

Funding rounds

3

Latest round

Series B

Latest activity

Mar 2026