Announced
Completed
Synopsis
Citi Ventures, a venture capital firm, completed the investment in Spinwheel, a financial technology company. Financial terms were not disclosed. "Spinwheel is rewiring how real-time credit data can be combined with payments infrastructure to manage consumer credit, and this aligns closely with Citi Ventures’ vision for the future of financ. We assessed the credit data landscape as part of our due diligence, and Spinwheel’s innovative platform is a leader in how U.S. consumer credit information is accessed and managed. As a strategic investor on behalf of Citi, we are excited to support Spinwheel’s strategy and look forward to working with them to help shape the future of consumer credit,” Arvind Purushotham, Citi Ventures Head.
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