Pinwheel Raises $50M in Series B Funding
Summary
The company intends to use the funds to continue to triple its headcount to 180 people, with a particular emphasis on engineering roles, to continue work on earned wage access (EWA) and to expand into new areas such as tax preparation. Led by Kurtis Lin, co-founder, and CEO, Pinwheel provides an API that allows businesses to securely connect payroll accounts to their applications with consumer permission. By establishing this layer of income connectivity, fintechs, financial institutions, and more can develop new tools or services that provide equitable access to financial services for everyone. Pinwheel’s data coverage spans nearly 80% of people employed in the United States. The company works closely with its customers including Block (formerly Square), Varo, Lendly, and Daylight.