# Spidr

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spidr

- Industry: Financial Services
- Headquarters: Mount Juliet, US
- Website: www.gospidr.com/
- Total disclosed funding: $1.7M
- Latest round: Seed (Oct 25, 2024)
- Investors on record: 1

## About

Based in Tennessee, US, and founded in 2024, Spidr, Inc. operates as a provider of financial technology platforms, enabling businesses across industries to develop customized banking and financial services solutions tailored to their needs. In October 2024, Spidr, Inc. raised USD 1.7 million in seed funding led by Cofounders Capital. As of 2024, the company is led by its CEO, Ramy Serageldin.

The company offers a comprehensive suite of embedded banking and FinTech solutions designed to facilitate financial transactions for businesses across various industries. The platform provides core services, including debit and credit card programs, digital wallets, and lending solutions for emergencies or credit building. Additionally, Spidr's API allows for rapid money movement and includes customer identity verification features, ensuring compliance with regulations. The company supports flexibility by allowing clients to select their bank partners or assisting in the selection process, catering to clients in North America and Europe.

The company generates revenue through partnerships and transactional services offered via its platform. Primarily, financial technology companies leverage Spidr’s API to integrate banking functionalities, resulting in revenue structured around service fees and transaction volumes. The pricing model varies based on transaction volume and specific services, such as card issuance and money movement.

## Funding rounds

- Seed, Oct 25, 2024, $1.7M — Cofounders Capital

## Investors

- Cofounders Capital (https://capitalatlas.ai/funds/cofounders-capital) — Seed