New York fintech that automates direct deposit switching and recurring payment management for banks, credit unions and lenders.
Pinwheel, founded in 2018 and headquartered in New York, US, by Anish Basu, Curtis Lee, Jamie Morin, Kurtis Lin and Rebecca Little, offers tools for banks and lenders such as the Pinwheel Switch Kit for direct deposit switching and Bill Navigator for recurring payments. Financial institutions typically pay transaction fees or a monthly subscription. The company raised USD 46.5 mn in Series B funding on December 16, 2021, led by Granite Asia with American Express Ventures and Kraken Ventures, at a reported valuation of USD 451.42 mn.
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