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Astrada

Provider
Transaction Enrichment

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 6 companies across 1 category.

astrada.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesTransaction Enrichment
Rank#3 of 12 in Transaction Enrichment
Buyers6 companies
HeadquartersSan Francisco, CA
Founded2024
FoundersSalman Syed
Raised$3.8M

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Founders & story · from Astrada’s own dossier

Astrada operates as the corporate successor to Fidel API's card-linked data business (legal entity is Fidel Limited DBA Astrada). Founded in 2024 by Salman Syed (ex-Mastercard, Marqeta, Fidel API), it repositioned the card-linking primitive away from loyalty/rewards toward 'the data layer for autonomous finance' — selling real-time, structured card transaction data to spend management platforms, ERPs and AI-finance agents that previously depended on stale bank feeds.

Latest round: Seed, 2026
Recent developments
  • 2026-05Closed $3.8M seed round led by Bain Capital Ventures, QED Investors, and Nyca Partners with strategic investment from Mastercard; disclosed >$750M in card spend and 3M+ transactions processed, with Workday, Zoho, Payhawk, and Miter as customers. source ↗
Full dossier: Astrada’s own stack, layer by layer →
Who uses Astrada
6 companies disclose Astrada in their stack
ZohoMediusExtendPayhawkOutpaveVergo
Buyer mix · 6 of 6 classified
Horizontal SaaS / Spend Management · 2Fintech / Insurtech · 1Horizontal SaaS / Accounting · 1Infrastructure / Spend Management (white-label) · 1Vertical SaaS / Construction · 1
US · 3APAC · 1EU · 1UK · 1
What the disclosures say
Medius
“BYOC addendum names Visa, Mastercard and American Express as the payment card networks monitored via Astrada.”
Extend
“Astrada (astrada.co) publicly lists Extend as a customer.”
Outpave
“Privacy policy: 'we collect transaction data associated with that card through our third-party service providers, Astrada, Inc.”
Vergo
“Astrada publicly lists Vergo as a customer on astrada.co (TIER 1 known_customer_listings).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Astrada? Claim this profile above to unlock your own full list.
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Alternatives to Astrada

Other Transaction Enrichment providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

MX14 buyers →Dateio8 buyers →Spade4 buyers →Plaid3 buyers →Bud Financial2 buyers →Fidel API2 buyers →Ntropy2 buyers →Salt Edge2 buyers →
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Ranked #3 of 12 in Transaction Enrichment — Embedded Finance Index 2026
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Astrada — frequently asked

Which companies use Astrada?

6 companies disclose Astrada in their stack in the Embedded Finance Index 2026, including Zoho, Medius, Extend, Payhawk, Outpave and Vergo.

What does Astrada do?

Astrada is an embedded-finance provider in Transaction Enrichment. It ranks #3 of 12 Transaction Enrichment providers by disclosed buyers.

What are the alternatives to Astrada?

The most-disclosed Transaction Enrichment alternatives to Astrada are MX (14 buyers), Dateio (8 buyers), Spade (4 buyers), Plaid (3 buyers), Bud Financial (2 buyers) and Fidel API (2 buyers).

Who founded Astrada?

Astrada was founded by Salman Syed and is founded in 2024, headquartered in San Francisco, CA.

How much funding has Astrada raised?

Astrada has raised $3.8M in total.

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