Spense funding, investors and company details

Spense is an emerging Financial Services - Fintech startup from Bengaluru, working in the space of Building Foundation for contemporary financial products such as forex programs, prepaid cards, and secured credit cards. Founded by Srinivas Krishnamurthy, Pawan Kumar, Iqbal Mohammed.

Company: Spense Reliable Fintech Solutions Private Limited
Sector: Financial Services - Fintech
Location: Bengaluru
Founders: Srinivas Krishnamurthy, Pawan Kumar, Iqbal Mohammed

Company overview

Spense, which was established in 2022 by Pawan Kumar and Srinivas Krishnamurthy, is building the foundation for contemporary financial products such as forex programs, prepaid cards, and secured credit cards. By handling intricate regulatory requirements and system integrations, this platform facilitates the introduction of new credit offerings by banks and other financial institutions. Spense helps regulated businesses focus on expansion rather than technical challenges by enabling them to swiftly implement secured credit programs, integrate seamlessly with even older legacy systems, and streamline compliance and audits.

Funding rounds

Latest round (Seed): $ 2.80 Mn (₹26.81 Cr.), 2026-07-02. Investors: Razorpay Ventures, GrowthCap Ventures, Atrium, Kunal Shah (CRED), Suresh Rayasam
Past round: $ 1.85 Mn (₹15.85 Cr.), 2025-06-02. Investors: Kunal Shah (CRED), Ayandeb Banerjee (The Math Company), Suresh Rayasam, Ravi Sudhakar (Microsoft)