Spense raises $1.85 million in pre-seed funding from GrowthCap Ventures to enhance programmable banking infrastructure.

Jun 02, 2025•7 months ago

Amount Raised

$1.85 Million

Round Type

Pre-Seed

BengaluruFintechFinance

Investors

Ravi SudhakarSuresh RayasamSayandeb BanerjeeKunal ShahGrowth Cap Ventures

Description

Spense, a Bengaluru-based startup, has raised $1.85 million in its pre-seed round led by GrowthCap Ventures. The funding will help onboard additional banks and expand fintech partnerships. Notable investors include Kunal Shah and Suresh Rayasam. Founded by Pawan Kumar and Srinivas Krishnamurthy, Spense offers infrastructure for secured credit cards and prepaid programs.

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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