Spinwheel’s $30M to Automate Credit Decisions with Agentic AI

In the first quarter of 2025, total household debt in the United States reached $18.20 trillion (a $167 billion increase from the prior quarter). Yet the infrastructure to manage and pay down these obligations is still relying on outdated login-based systems and incomplete data. For financial institutions and fintech platforms, the result is high user friction and dropoffs. Spinwheel, with $30 million in fresh Series A funding, led by F-Prime Capital with participation from QED Investors, Foundation Capital, and Fika Ventures, wants to solve this pain point by accelerating development of its real-time credit data and payments platform. At the center of its offering: credentialless identity verification, powerful APIs, and an agentic AI system that automates the most time-consuming as