What is Spinwheel?
Established in 2019 and headquartered in Oakland, CA, Spinwheel offers a foundational technology layer that enables popular applications and services to integrate loan functionalities. By enhancing access, choice, and transparency in lending, Spinwheel aims to reduce the financial burdens associated with debt and improve borrower outcomes. The company's focus on alleviating debt burdens positions it as a key player in the fintech sector, addressing a critical need for improved financial health.
How much funding has Spinwheel raised?
Spinwheel has raised a total of $41M across 2 funding rounds:
Series A
$11M
Series A
$30M
Series A (2021): $11M with participation from Firebolt Ventures, QED Investors, Core Innovation Capital, and Fika Ventures
Series A (2025): $30M led by F-Prime Capital, Foundation Capital, Fika Ventures, and QED Investors
Key Investors in Spinwheel
QED Investors
QED Investors is a global leading boutique venture capital firm focused on investing in early-stage, disruptive financial services companies. They utilize a hands-on approach leveraging decades of entrepreneurial and operational experience to help companies achieve breakthrough growth.
Core Innovation Capital
Core Innovation Capital is a fintech venture capital firm that invests in early-stage technology businesses aimed at unlocking wealth and health for the mass market, focusing on founders who modernize significant aspects of everyday life.
Fika Ventures
Fika Ventures is an early-stage investment firm focused on B2B startups, particularly in sectors like software, fintech, and marketplaces, emphasizing strong relationships with founders and providing hands-on support.
What's next for Spinwheel?
With its recent major enterprise-level funding, Spinwheel is poised for accelerated growth and expansion. The capital infusion is expected to fuel further development of its core infrastructure, enhance its market reach, and potentially explore new avenues for empowering borrowers. The company's commitment to transparency and choice in loan management suggests a strategic focus on building trust and long-term value for both consumers and the platforms it serves. This backing indicates a strong market validation for Spinwheel's mission to transform the debt landscape.
See full Spinwheel company page
