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Upfront Ventures

Pinwheel Raises $20M for its Payroll API

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Innovation in the financial services and banking industries in the US has often been stymied by legacy banks creating artificial moats. Open Banking adoption lags in the United States as compared to the EU but regulations in the EU are forcing US financial services providers to embrace facets of Open Banking in order to remain competitive and do business with European companies and citizens. Open Banking ultimately gives the consumer or customer more control over access to their financial data. Pinwheel is a payroll API connectivity platform that allows payroll data to be made accessible for a variety of use cases. For example, with Pinwheel, payroll account switching can be done in a fraction of the time it took previously. The platform also allows for seamless verification of employment and income data and payroll-linked lending. As the US moves towards further opening up Open Banking, Pinwheel is there to power any payroll-related innovations. AlleyWatch caught up with Cofounder and CEO Kurtis Lin to learn more about how Pinwheel empowers consumers through payroll connectivity and ownership of their payroll data, the company’s strategic plans, latest round of funding from investors that include Coatue, Primary Venture Partners, SemperfirsVirens, First Round Capital, and Upfront Ventures.

The Weekly Notable Startup Funding Report: 6/7/21

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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 6/5/21 featuring funding details for Gong, Shippo, LeoLabs, and twenty-three other rounds that you must know about.

#NYCtech Week in Review: 5/16/21 – 5/22/21

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NYC Tech News for the week ending 5/22 including the NYC startup fundings, NYC startup exits, and NYC startup events featuring news for Boost, Lithic, and much, much more.

The Weekly Notable Startup Funding Report: 5/24/21

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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 5/22/21 featuring funding details for Britive, Immuta, and twenty-two other rounds that you must know about.

The Weekly Notable Startup Funding Report: 4/19/21

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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 4/19/21 featuring funding details for Degreed, EcoCart, and twenty-two other rounds that you must know about.

The Weekly Notable Startup Funding Report: 3/29/21

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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 3/27/21 featuring funding details for Ginger, Ease, and twenty-five other rounds that you must know about.

The Weekly Notable Startup Funding Report: 3/1/21

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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 2/27/21 featuring funding details for Reforge, Shippo, and thirty other rounds that you must know about.

The Weekly Notable Startup Funding Report: 11/2/20

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The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup fundings for the week ending 10/31/20 featuring funding details for ShearShare, Jiko, Hubilo, and twenty-one more rounds you must know about.

#NYCtech Week in Review: 10/11/20-10/17/20

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NYC Tech News for the week ending 10/17 featuring news for Argyle, Playbook, Clair, and much more…