Our story so far
2018
Pinwheel was founded by Anish Basu, Curtis Lee and Kurt Lin.
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2019
Builds the world’s first API for payroll, securing seed funding from First Round Capital, Upfront Ventures.
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2020
Covers over 70% of paid US workers and integrates with every major payroll platform.
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2021
Raises $20M in Series A from growth investors like Coatue. Pinwheel accounts for over half of all direct deposit switches in the neobank market.
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2022
Raises $50M in Series B from investors like GGV, American Express, Indeed and others. Expands automated switch coverage to 85% and launches Forms feature to solve for remaining 15% of the U.S. payroll population. Platform coverage achieves 100% and new use cases like earned wage access become available.
2023
Pinwheel launches the industry’s first 100% credential-less experience, a two-click, login-free deposit switch made possible by our proprietary network of strategic payroll providers. To commemorate this innovation, the deposit switch platform is rebranded as Pinwheel Prime.
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