Business
Spade Announces $40m Series B Raise to Build The Data and AI Platform for Modern Finance
NEW YORK, March 24, 2026--Spade, the data and AI platform transforming how financial institutions use transaction data, today announced $40 million in Series B funding. 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 will use the new funding to further deepen platform capabilities, expand the team and meet growing demand from financial institutions and fintechs that
About this update from National Bank Of Canada
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":3309,"height":680,"url":"https://media.zenfs.com/en/business-wire.com/1c82c4c5acac9965ea93422db988f50e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/4HYaJn669pTOlYG_i0moFQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE5Nw--/https://media.zenfs.com/en/business-wire.com/1c82c4c5acac9965ea93422db988f50e","width":960,"height":197},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/LltRFy52jtpd0RvctV6bPw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD00OTQ-/https://media.zenfs.com/en/business-wire.com/1c82c4c5acac9965ea93422db988f50e","width":1200,"height":247}},"lazy":false},{"type":"text","content":"Funding follows 470% year-over-year growth for Spade, with peak daily transaction volume reaching 1.9 billion","length":109,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, March 24, 2026--(BUSINESS WIRE)--Spade, the data and AI platform transforming how financial institutions use transaction data, today announced $40 million in Series B funding. 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 will use the new funding to further deepen platform capabilities, expand the team and meet growing demand from financial institutions and fintechs that rely on Spade’s foundational enhanced transaction data to power AI initiatives.","length":597,"tagName":"p"},{"type":"text","content":"Spade was founded in 2021 to help banks and fintechs parse through their messy transaction data so that it can be turned into actionable insights. Every day, banks and fintechs process billions of transactions across card programs, ACH, and wires, yet the underlying data remains notoriously difficult to use. Without enrichment, transaction strings are often indecipherable, leading to high dispute volumes, poor user experiences, weak reward attribution, and an inability to effectively leverage the data asset. Spade’s platform solves this by matching raw data to verified businesses in its proprietary database, allowing customers to understand exactly where and with whom a transaction occurred.","length":700,"tagName":"p"},{"type":"text","content":"Today, Spade's foundation of enrichment enables banks, ...