It’s not every day you watch a fintech outfit take on $19.5 trillion in U.S. consumer liability like it’s just another Monday, but that’s exactly what Spinwheel is doing. And with a fresh $30 million Series A in the vault, they’re not just spinning, they’re accelerating. Led by F-Prime Capital with backing from QED Investors, Foundation Capital, and Fika Ventures, this Oakland-based crew isn’t pitching pipe dreams. They’re building the infrastructure that financial institutions didn’t realize they needed until now.
Let’s talk about friction, the kind that makes moving money, accessing data, or paying down debt feel like trying to stream in a tunnel. Spinwheel, co-founded by Tomás Campos (CEO) and Tushar Vaish (CTO), decided to kill that noise by making real-time credit data and payments ridiculously accessible. No credentials. No clunky logins. Just a phone number and date of birth unlocks a full view of a user’s credit profile. That’s not convenience. That’s precision engineering. You don’t ask for less information unless you know exactly what to do with it.
Campos isn’t new to the dance. He built and sold FluidM to Westfield, ran a $1.5B digital payments business at Blackhawk Network, and knows exactly where the inefficiencies live and die. Vaish, the architect behind the stack, runs tech like it’s a language, fluent, flexible, and built to scale. Together, they’ve grown Spinwheel into a platform powering 165 million credit and liability accounts across more than 15 million users. That’s not niche, that’s network effect on full display.
They’re already embedded with clients like Monarch, NerdWallet, and NASA Federal Credit Union, real names with real scale. They’ve facilitated over $1.5 trillion in consumer debt and processed over 50 million AI-powered transactions. These aren’t beta metrics. This is infrastructure already humming in the background while everyone else is still talking about integrations.
And now, they’re turning the dial again. The $30M raise is set to fuel development of Spinwheel’s agentic AI platform, think smart, automated credit management with deeper access to alternative data. This isn’t a “nice to have” feature. In a world where the average American juggles 10 to 14 credit accounts, this is survival gear for financial platforms trying to stay ahead of user expectations and regulatory pressure.
This round also signals something bigger: the next wave of fintech isn’t about neobank flash or cash-back gimmicks. It’s about the pipes. The plumbing. The unseen infrastructure that powers seamless user experiences and smarter financial decision-making. Campos and Vaish are building that backbone, and if you’re a lender, marketplace, or personal finance platform, Spinwheel isn’t just an API. It’s your competitive edge.
