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Pinwheel raises $50M Series B at $500M valuation for its income verification APIs – TechCrunch

Published: January 18, 2022

Six months after its $20 million Series A, payroll connectivity platform Pinwheel just announced that it has nabbed another $50 million in a round led by new investor GGV Capital. Pinwheel serves neobanks and fintechs like Block, Acorns, and Current by providing application programming interfaces (APIs) linked to payroll, income, and employment data. Historically, systems […]

Source: techcrunch.com

Pinwheel - AlleyWatch

Published: January 18, 2022

Pinwheel is the first API for Payroll Founded by Anish Basu, Curtis Lee, and Kurt Lin in 2019, Pinwheel is backed by investors that include First Round Capital and Upfront Ventures and is headquartered in New York.

Source: alleywatch.com

Coatue direct deposits $20M into Pinwheel, a payroll API for neobanks – TechCrunch

Published: June 2, 2021

One of the most strategically important financial relationships for neobanks is becoming the account destination for a user’s paycheck. If you’re a bank and you own that specific relationship, users will increasingly use that account for everything from daily spending to saving (after all, that’s where their money is going). That activity in turn leads […]