Spade Raises $10M Series A Funding Round

Spade, a NYC-based provider of real-time merchant intelligence for the card ecosystem, raised $10M in Series A funding.

The round was led by Flourish Ventures with continued participation from a16z, Gradient Ventures, Y Combinator, Dash Fund, and Everywhere Ventures.

The company intends to use the funds to expand operations and its business reach.

Led by CEO Oban MacTavish, Spade provides real-time merchant intelligence for the card ecosystem. The company leverages its database to link any card transaction to a real merchant identity – providing granular merchant, category, and geolocation information. Customers such as Mercury, Sardine, Ramp, and Unit use Spade’s data to authorize more transactions, prevent fraud, and build more innovative features.

Spade, a NYC-based provider of real-time merchant intelligence for the card ecosystem, raised $10M in Series A funding. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.

Shishir Gupta, The Founder & CEO of StartupLanes

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