Spade Partners

Business Model and Products

Spade's core offering is a transaction enrichment API that ingests raw payment data and returns enhanced merchant and location metadata in real time. The platform is designed for five primary use cases: risk and authorization, rewards and attribution, analytics and AI, user experience, and developer experience. The API integrates in minutes and scales automatically, processing billions of transactions monthly. Spade also offers modules for specific functions: a risk and authorization module that provides merchant context to authorization engines, a rewards and attribution module for targeted marketing, and an analytics module for building customer insights. The user experience module helps cardholders recognize charges and contact merchants directly, reducing dispute volumes.

Technology

Spade's technology leverages artificial intelligence to clean and structure transaction data across multiple payment rails, including card, ACH, and wire transfers. The API achieves a P99 latency of under 50 milliseconds, enabling real-time enrichment. The platform supports both real-time and batch processing, and it provides exact geolocation for physical transactions. This AI-first approach distinguishes Spade from traditional data providers that rely primarily on account aggregation.

Funding and History

Spade was founded in 2021 by Oban MacTavish (CEO) and an undisclosed co-founder. The company graduated from Y Combinator's Winter 2022 batch. In February 2023, Spade raised a $5 million seed round led by Andreessen Horowitz. In March 2026, the company closed a $40 million Series B round led by Oak HC/FT, with participation from Flourish, Gradient, NAventures, Andreessen Horowitz, and Y Combinator, bringing total known funding to at least $45 million.

Market Position

Spade competes with transaction data providers such as Plaid, Finicity, and Mastercard's NuData. Its differentiator is a focus on merchant enrichment rather than account aggregation, combined with an AI-driven approach. The company's customer base includes category-defining fintechs and Fortune 500 banks, though specific client names are not publicly disclosed. With its recent funding, Spade aims to become the standard data layer for modern finance.

Team and Culture

As of the Y Combinator profile, Spade employs approximately 30 people, with an emphasis on engineering, product, and partnerships. The company is headquartered in New York, NY. The leadership team is led by co-founder and CEO Oban MacTavish; no other C-level executives are publicly named.