Spinwheel, a prominent leader in real-time consumer credit data and AI-powered payments, has formally announced a strategic partnership with Algebrik AI Inc., a Delaware-based business based in New York City that is credited with creating the first cloud-native, AI-driven, digital-age Loan Origination System (LOS) in history. This partnership is a major step in changing the lending landscape and comes after Spinwheel’s recent ~$30 million Series A funding round. Through this partnership, Spinwheel’s advanced credit data solutions will be seamlessly embedded within Algebrik One — Algebrik’s comprehensive lending platform that integrates Digital Account Opening, the Lender’s Cockpit (LOS), Omni-channel Point-of-Sale (POS), an AI-powered Decision Engine, and Portfolio Analytics. Credit unions, community banks, and fintech lenders can now easily access verified consumer debt information and payment features in real-time within their lending workflows thanks to this native integration, which speeds up loan approvals, improves borrower experiences, and boosts decision-making confidence.

The collaboration transforms the lending process by embedding Spinwheel’s debt APIs into Algebrik’s platform, enabling lenders to collect real-time, verified credit data using just minimal borrower information like a phone number and birthdate. This grants immediate visibility into liabilities across various categories, including credit cards, student loans, mortgages, auto loans, personal loans, and non-traditional credit sources. By eliminating the need for manual documentation, the partnership significantly reduces processing errors and friction in loan applications. Spinwheel’s agentic AI and API tools will now work directly within Algebrik’s LOS, enhancing credit risk assessment, streamlining compliance, refining underwriting workflows, and providing borrowers with a more seamless experience.

Commenting on the partnership, Pankaj Jain, Founder and CEO of Algebrik AI, highlighted that embedding real-time debt data into the lending journey empowers lenders to make more responsible and data-driven decisions. He noted that with Spinwheel integrated into Algebrik One, lenders gain not just better data but payment-enabled workflows and a holistic understanding of borrower obligations, fundamentally reimagining frictionless and intelligent lending. Tomás Campos, Co-Founder and CEO of Spinwheel, echoed this sentiment, stating that the collaboration advances their mission of enhancing financial outcomes for both lenders and borrowers by delivering more accurate and actionable credit insights within the borrowing experience.

Algebrik AI’s platform is designed specifically to modernize loan origination for today’s digital-first generation. Its focus is on helping credit unions remain competitive while engaging and retaining members in a rapidly evolving financial landscape. Algebrik AI allows credit unions to emphasis on helping their communities by streamlining intricate operations and automating the lending process. Meanwhile, Spinwheel continues to disrupt the consumer credit space by partnering with financial institutions to provide real-time, verified credit data and integrated payment capabilities through its APIs and AI-powered solutions. With a rapidly expanding user base and significant debt volume managed across its network, Spinwheel is positioned as a transformative force in modern credit management.