“Can transaction enrichment become the universal data layer — and training substrate — for every card issuer, bank, and financial AI agent?”
Spade started in 2021 as a transaction-enrichment API — cleaning raw card descriptors into merchant names, categories, and geolocations. It has since positioned itself as the 'data layer for financial services,' explicitly targeting banks, fintechs, and AI companies. Its 2026 Series B narrative reframes the company as an AI-native platform: enriched transactions as ground-truth training data for financial AI agents.
Spade was founded by Oban MacTavish, Tess Bloch and Cooper Hart and is founded in 2021, headquartered in New York, NY.
Spade has raised ~$50M+ in total (latest round: Series B, 2026).
Get a read on where your own stack stands against Spade and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.