Spinwheel Becomes a Consumer Reporting Agency

Operating as a CRA enables Spinwheel to provide the highest standards of compliance, security, and data governance for financial providers while also offering strong protections for consumers

OAKLAND, Calif.--(BUSINESS WIRE)--Spinwheel, a leading API-based credit data and payments platform, today announced that it is now operating as a consumer reporting agency (CRA). This designation ensures Spinwheel can operate under the highest standards of compliance, security, and data governance while strengthening protections for consumers.

“Consumer debt has become increasingly fragmented and complex, making it harder than ever for both consumers and financial providers to see real-time and accurate credit profiles and reporting,” said Tomás Campos, co-founder and CEO, Spinwheel. “By operating as a CRA, we ensure the permissions, governance, and defensibility that financial innovators need to confidently use real-time data in high-stakes decision-making and help consumers take action on their financial needs.”

Spinwheel serves lenders, marketplaces, credit unions, and personal finance platforms that need an accurate, up-to-date view of what consumers actually owe rather than static snapshots or partial data. Through simple, developer-friendly APIs and agentic AI solutions, Spinwheel delivers permissioned, verified, real-time consumer credit attributes and comprehensive liability data across every major debt category — now with the standards required of a consumer reporting agency.

“As we looked at the needs of lenders, financial institutions, and fintechs — the clients we serve, we identified a gap between Spinwheel’s modern liability data platform and traditional bureau reporting,” said Spinwheel’s Chief Operating Officer Sean Anderson. “Operating as a CRA allows us to bridge that gap by delivering more comprehensive liability intelligence while supporting financial institutions across the full consumer lifecycle. This step reinforces our consumer-centric mission while strengthening regulatory alignment and trust across the financial ecosystem.”

About Spinwheel

Spinwheel, a real-time consumer credit data and payments company, is revolutionizing the consumer credit ecosystem. The company partners with lenders, marketplaces and personal financial management platforms to provide real-time, verified consumer credit data to process payments as part of their clients' existing workflow and operations via APIs and its agentic AI platform. Founded in 2019, Spinwheel has grown to more than 15 million users and 165 million accounts, facilitating $1.5 trillion in connected debt across its network. The company is backed by F-Prime, QED Investors, Foundation Capital, Core Innovation Capital, Fika Ventures and Citi Ventures. To learn more, please visit spinwheel.io.