Spade Raises $10M Series A for Real-Time Transaction Data Infrastructure

Spade, a fintech infrastructure startup focused on transaction enrichment and credit card fraud prevention, raised a $10M Series A round led by Flourish Ventures. The company provides real-time data infrastructure that enriches transaction data at the point of authorization, enabling financial institutions and fintech platforms to identify merchants, detect fraud, and improve customer transaction experiences. Unlike traditional batch-processing approaches, Spade delivers enriched data in real time, which is critical for fraud prevention use cases.

Flourish Ventures led the round, citing Spade's potential to combat card fraud through better data infrastructure. The platform serves as middleware for banks and fintechs building card programs, fitting into the broader BaaS and embedded finance stack. The funding will support product development and go-to-market expansion as demand for real-time transaction intelligence grows across the financial services ecosystem.