Spade
Also a provider — view Spade’s profile →“Can transaction enrichment become the universal data layer — and training substrate — for every card issuer, bank, and financial AI agent?”
Founded2021
HQNew York, NY
FoundersOban MacTavish, Tess Bloch, Cooper Hart
Total raised~$50M+
Latest roundSeries B, 2026
IndustryInfrastructure / Transaction Enrichment
The story
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.
Product timeline
2021
Spade founded by Oban MacTavish, Tess Bloch, and Cooper Hart to fix messy card transaction data.· founding
2022
Incubated in Y Combinator Winter 2022 batch.· milestone
2024
Publicly launched partnership with Mercury to power Mercury's corporate card enrichment.· partnership
2025
Announced Stripe Issuing partnership to power Stripe's enriched merchant data offering.· partnership
2026
Raised $40M Series B led by Oak HC/FT; expanding into AI workflow automation.· funding
The stack
2 layers disclosed in Spade’s embedded-finance stack
Banking / BaaS
Card network
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.