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Y Combinator Portfolio Company Spade Raises $40M Series B
Y Combinator Portfolio Company Spade Raises $40M Series B
 ### Y Combinator@ycombinator
Congrats to @spadedata on their $40M Series B!
Banks process billions of transactions every day, but the underlying data is a mess. Spade turns raw transaction strings into verified merchant intelligence—99.9% coverage, 99%+ accuracy, sub-40ms latency. They've grown revenue 470% YoY and are now processing up to 1.9B transactions daily. axios.com/pro/fintech-de…
Mar 24, 2026, 9:20 PM View on X
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One Sentence Summary
Y Combinator announces that portfolio company Spade has secured $40M in Series B funding, highlighting the company's significant growth in processing transaction data.
Summary
Y Combinator shares news of Spade's $40M Series B funding round. Spade specializes in transforming raw bank transaction strings into verified merchant intelligence, boasting 99.9% coverage and sub-40ms latency. The update emphasizes the company's strong market traction, including a 470% year-over-year revenue growth and a daily processing volume of 1.9 billion transactions, underscoring the demand for accurate financial data infrastructure.
AI Score
79
Influence Score 8
Published At Yesterday
Language
English
Tags
Spade
Y Combinator
Fintech
Series B
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