Latest round

Series B

Last raised

Dec 2021

Total raised

$74M

Investors

12

About Pinwheel

Founded in 2018 by Anish Basu, Curtis Lee, Jamie Morin, Kurtis Lin, and Rebecca Little, Pinwheel is headquartered in New York, US. The company specializes in automating direct deposit and payment management solutions for banks and lenders.Pinwheel provides a range of financial technology solutions, including the Pinwheel Switch Kit for seamless direct deposit account switching and the Bill Navigator for managing recurring payments. Additional tools such as PreMatch and Pinwheel Verify enhance customer onboarding and fraud prevention.Pinwheel's revenue model is based on subscription services and transaction fees associated with its core offerings. Financial institutions leveraging the Pinwheel Switch Kit often pay transaction fees or a monthly subscription depending on usage, while additional income can be generated from features like the Bill Navigator. The company intends to enhance its offerings in earned wage access and expand into new areas such as tax preparation. Additionally, Pinwheel is looking to enter new markets to broaden its geographical footprint, though specific target regions and timelines for this expansion have not been disclosed.

Who invested in Pinwheel

12 investors across 3 rounds

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Funding rounds

  1. Series B

    Dec 16, 2021

    Amount

    $47M

    Investors

    Locked

  2. Series A

    Jun 2, 2021

    Amount

    $20M

    Investors

    Locked

  3. Seed

    Jun 10, 2020

    Amount

    $7M

    Investors

    Locked

Questions about Pinwheel

Who invested in Pinwheel?

Pinwheel has 12 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.

How much funding has Pinwheel raised?

Pinwheel has raised 3 venture rounds. Sign up free to see how much each round raised and the total.

When did Pinwheel last raise money?

Pinwheel's most recent round on record is a Series B, in Dec 2021.

What does Pinwheel do?

Founded in 2018 by Anish Basu, Curtis Lee, Jamie Morin, Kurtis Lin, and Rebecca Little, Pinwheel is headquartered in New York, US.

Where is Pinwheel headquartered?

Pinwheel is headquartered in New York, US.

Which VCs invest in companies like Pinwheel?

Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Pinwheel's stage. Their profiles are linked below.

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