Fundz

Spense has raised $2.8 million in seed funding, led by Arkam Ventures.

PRIVATEJul 01, 2026

Amount Raised

$2.8 Million

Round Type

Seed

BengaluruFinanceFintech

Investors

Arkam Ventures

Description

Spense has successfully raised $2.8 million in seed funding to expand its operations. The funding round was led by Arkam Ventures. This investment will enable Spense to enhance its offerings and grow its user base.

Quick answer

Spense raised $2.8 Million in a Seed round, dated July 1, 2026. Investors: Arkam Ventures. Spense is based in Bengaluru, Karnataka, India.

How much did Spense raise?
Spense raised $2.8 Million in a Seed round on July 1, 2026.
Who invested in Spense?
Arkam Ventures is named as investors in this round.
What does Spense do?
Spense is a Bengaluru-based startup focused on building programmable banking and card infrastructure.
Where is Spense based and how big is it?
Spense is based in Bengaluru, Karnataka, India. Fundz records about 38 employees.
Who are the decision-makers at Spense?
Fundz holds 1 contact at Spense. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as Spense that raised within 45 days of this round, from Fundz verified event records.

  • Investly raised $981K (Seed) on August 14, 2026.
  • Kesh raised $110M on August 12, 2026.
  • Edge Focus raised an undisclosed amount (Private Equity) on August 12, 2026.
  • River Markets raised $8.5M (Seed) on August 11, 2026.
  • Quartr raised $18M on August 11, 2026.
  • OppFi raised $100M (Debt Financing) on August 10, 2026.

Who to call at Spense, and when

A new round usually means Spense is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Spense raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Spense, from your own LinkedIn network

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Company Information

Company

Spense

Location

Bengaluru, Karnataka, India

About

Spense is a Bengaluru-based startup focused on building programmable banking and card infrastructure. Founded by Pawan Kumar and Srinivas Krishnamurthy, it provides infrastructure for secured credit cards, prepaid cards, and forex programs. The company aims to support financial institutions with regulatory oversight and integration capabilities for new credit products. Currently, Spense is utilized by regulated entities to launch and manage secured credit programs.

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Spense raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.