Spade Raises $40 Million Series B Funding

Spade raised $40 million in a Series B funding round on March 24 to expand its platform that helps banks and FinTechs turn transaction data into actionable insights. The company said it will use the capital to deepen platform capabilities and grow its team; its database delivers 99.9% U.S./Canadian merchant coverage and processed up to 1.9 billion transactions daily.