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Spense Raises $2.8M Seed Round

Recently funded · $2.8M SeedFinancial ServicesINView source

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Spense, a startup focused on the foundational technology behind secured credit cards and connected banking, has successfully closed a $2.8M Seed funding round. The capital infusion is set to accelerate its efforts in building the critical infrastructure that enables financial institutions to offer more integrated and secure services.

The investment round saw participation from a notable syndicate of venture firms, including Arkam Ventures, Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures. This backing highlights continued investor confidence in the demand for robust, modern banking infrastructure as the financial sector continues its digital transformation.

From the source

The · Jul 1, 2026

🚨 Bengaluru-based banking infrastructure startup Spense has raised $2.8 million in a seed funding round led by Arkam Ventures, with participation from Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures.“India’s credit challenge is often viewed as a risk problem.

We believe it is fundamentally an infrastructure problem,” said Pawan Kumar, Spense Co-founder & CEO.“When AI becomes operationally reliable, banking becomes dramatically more scalable. Together, these shifts will redefine how financial institutions originate, operate and service credit,” Srinivas Krishnamurthy, Spense Co-founder & CTO, added.SpenseRead to know more 👇https://lnkd.in/dWAsU7mR

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