Today we are proudly announcing our $50M Series B round led by ! With this round, we’re growing. Will you join us on the road to creating a fairer financial system?
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Income data engineered for fintech innovation. Pinwheel makes sense of real time income and employment data.
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Delinquencies on personal loans and credit cards are projected to reach a 13-year high in 2023. Consumer-permissioned data can help lenders improve their risk models and reduce default risk for new and existing customers.
#SanFrancisco: Do you know your Fintech trivia?
If you're in SF on 2/22, join Pinwheel & at for food, drinks, trivia, and prizes. All are welcome!
RSVP below - space is limited.
hubs.ly/Q01yPFlw0
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This week’s pod features our CEO & our newest advisor, former CFPB Deputy Director who sit down with to discuss all things 1033 in 2023. Listen to their full conversation here:
What do alternative credit data, artificial intelligence, and automated identity verification have in common? They’re all technologies that support digital lending solutions. Learn more in our latest blog below.
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Despite the weight credit scores carry in the credit decisioning process, they are not updated in real time. This slow, manual process is the exact opposite of what consumers want. Learn more about how real-time access to income data is possible hubs.ly/Q01vD_MG0
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In 2022, six in 10 financial institutions saw an increase in fraud. The average cost? $102 million per institution. To defend yourself and your customers from fraud schemes, you can rely on technologies such as APIs, AI, and behavioral biometrics.
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We're excited to announce that Pinwheel has been named one of the In Best Places to Work! Check out where we are ranked here: hubs.ly/Q01xGQ290 #2023BuiltInBest
P.S. We're hiring! Come join one of the best companies to work for and be a part of the Pinwheel team.
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Lower origination costs, reduced risk of fraud, improved customer experience, and real-time income data access all have one thing in common. Automated income verification. Learn more about its benefits at the link below!
The consequences of a poor credit score are more severe for low-income consumers. In a fairer financial system, these consumers can prove their creditworthiness with alternative data — income data. To learn more visit hubs.ly/Q01vF0y10
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We’ve officially given the gift of a 10% increase in conversion! In today’s update, we share exciting news on how we’ve improved conversion and accelerated work on enhancing security. Read more in our last update of 2022.
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Pinwheel’s Chief Information Security Officer, Jeff Hudesman, answers all the burning questions about how we prioritize security, protect our customers and their consumers data, and what he thinks is next for privacy and security.
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1/ grew up in the Bay Area, the son of two immigrants and "a huge nerd in every sense of the word." He remembers visiting New York at age 6 or 7, and jokes that he was "traumatized" by the number of people he saw on the street.
#GGVNYC
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Last week Pinwheelies gathered for "Winter Wonderwheelies", an offsite and holiday party in one! We mapped out our 2023 strategy, put on our creative hats for a fashion show, and learned about the power of communication and empathy in building strong teams.
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Cash flow data provides powerful insights into a consumer’s financial health, benefitting important processes from underwriting to fraud prevention.
It’s not just consumers who experience the negative impacts of an inefficient credit scoring system. Financial service providers must also turn away those who would be potential customers. To learn more visit hubs.ly/Q01vD-L60
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This article by breaks down the findings from our latest survey on the credit scoring system, and how unlocking payroll/income data is a win-win for consumers, banks, and fintechs. hubs.ly/Q01vt-sY0
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A new consumer survey by has brought to light the true cost of inaccurate credit scoring methods, and puts forward a solution to pioneer financial inclusion in lending. #CreditScore #Lending thefintechtimes.com/american-consu
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Tune in to our #podcast with , CEO and Co-Founder of , on why earned wage access is an essential product for consumers and what Pinwheel has done with it that has never been done before. Listen here: news.fintechnexus.com/podcast-399-ku
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Pinwheel’s latest research explores consumers’ attitudes towards credit scores and the role of income data in assessing their creditworthiness. With more insights, we’re in a position to build financial tools and services that are inclusive for consumers. hubs.ly/Q01vf8_z0
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It’s time we talk about APIs and information security. Check out our blog to learn more about the must-have security features for payroll data connectivity APIs.
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Have you listened to the latest episode of Fintech One•On•One?
chatted with about:
- What’s unique about how we enable EWA
- Direct Deposit Switching
- Key findings from our recent survey
Listen to the full episode here: hubs.ly/Q01v1cx-0
Enriching credit decisioning models with alternative credit data is key to building better financial products and lowering risk for more consumers. Here’s what every lender should know about alternative credit data.
Pinwheel’s engineering teams consistently run experiments to deliver best in class products and conversion for our customers. Read our latest technology spotlight about the experimentation framework we use, and how you can use it too. hubs.ly/Q01ss7ll0
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We couldn’t be more excited to welcome Pinwheel’s newest advisor ! From Stripe to Global Health, we can benefit from Ethan’s impressive experience to help further our data science strategy.
pinwheelapi.com/blog-post/pinw
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Our team had a blast at last week's 2022 Fintech Formal. Thanks to for organizing this event and for the always positive vibes from the Fintech community!
Last, but not least, congrats to our very own Kate Marienthal for winning the "Best Team Player" award!
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Secure access control is a critical aspect of any successful platform or service, especially here at Pinwheel. Read our latest blog post, which highlights resources that may help organizations improve their access control across internal services.
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“We have a playbook to help customers solve for intent, so they can build features that provide meaningful differentiation and are valuable enough to help customers switch. Building long-term customer relationships starts with removing the direct deposit switching friction.”
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“Global payroll and income data challenges are universal, but the solutions are not.” Check out our CEO, Kurtis Lin, discussing his thoughts on how payroll differs sector by sector. hubs.ly/Q01rGMyS0
"Every dollar can be traced back to a paycheck. The lifetime customer value difference between direct deposit and non-direct deposit customers is 30-40X." Watch our CEO, Kurtis Lin, discuss the value of direct deposit switching. hubs.ly/Q01rp2qb0
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Wealth management fintechs empower consumers to save and invest. But before users can save and invest, they need to fund their accounts. Here’s how a top 5 wealth management fintech implemented automated direct deposit switching with Pinwheel. hubs.ly/Q01rhYfw0
Banking relationships start w/ direct deposits, a notoriously paperwork-heavy process. Pinwheel "condenses that friction into a single click," & from there, anything is possible; EWA, revolving credit & more and discuss on TWIF:
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There’s more to payroll data than meets the eye. Get our views on the potential of payroll data and what it takes for financial providers to make the most out of it.
And that's a wrap! Thank you to those of you who stopped by our booth, watched our CEO, speak at the main stage, or swung by our after party at the Venetian.
We met a lot of stellar folks! A huge shout-out to for an unbelievable experience.
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It’s our mission to create a fairer financial system and to do so we need to work with our customers, partners, and peers to directly address the blindspots identified so we can get consumers the tools and services they want and need. (4/4)
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Legacy evaluation precedents inhibit consumers from being holistically evaluated based on data points such as income or utility bill payments, so banks and fintechs aren’t able to provide the best possible tools and services specific to their situation. (3/4)
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A new Pinwheel survey reveals that consumers are missing out on access to financial products because the current credit and lending criteria aren’t showcasing their whole financial picture hubs.ly/Q01qFqDF0. (2/4)
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Credit scores hold the key to unlocking access to financial products, but the credit and lending models used to evaluate financial responsibility aren’t showing consumers’ whole picture. (1/4)
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Headed to ? Check out Pinwheel CEO on a panel with , , and as we explore the future of money experiences.
hubs.ly/Q01pXrg-0
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