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 payment, management, and application functionalities. By enhancing accessibility, choice, and transparency in financial services, Spinwheel aims to reduce the burden of debt for borrowers and improve their financial outcomes. The company operates within the burgeoning fintech sector, focusing on creating a more equitable lending ecosystem.
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 QED Investors, Fika Ventures, Firebolt Ventures, and Core Innovation Capital
Series A (2025): $30M led by Foundation Capital, Fika Ventures, QED Investors, and F-Prime Capital
Key Investors in Spinwheel
Foundation Capital
Foundation Capital is a venture capital firm that partners with bold founders building category-defining technology companies, supporting entrepreneurs from the earliest stages through long-term growth with deep operational and strategic expertise.
QED Investors
QED Investors is a global leading boutique venture capital firm focused on investing in early stage, disruptive financial services companies, dedicated to building great businesses through a unique, hands-on approach.
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.
What's next for Spinwheel?
The recent major enterprise-level funding suggests Spinwheel is poised for significant scaling and expansion. This strategic investment will likely fuel further development of its core infrastructure, enhance its market reach, and potentially broaden its service offerings to address more facets of the borrower experience. With a focus on increasing access and transparency in lending, Spinwheel is positioning itself as a key player in modernizing financial services and empowering consumers navigating debt.
See full Spinwheel company page
