Seed
Spense (Spense Reliable Fintech Solutions Private Limited)
Finance • Banking Infrastructure
Amount Raised
$2.8M
~ ₹23.4 Cr
Round & Type
Seed
Equity
Funding Date
Jul 1, 2026
Q3 2026
Lead Investor
Arkam Ventures
info
Company Overview & Solution
Spense builds programmable banking infrastructure that combines agentic AI with credit rails to help financial institutions deploy asset-backed lending solutions without replacing their existing tech stacks.
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Product & Solution
The company provides API-driven integration platforms for secured credit cards, forex programs, prepaid cards, and Credit Line on UPI (CLOU) backed by customer collaterals like mutual funds and fixed deposits.
target
Target Market & ICP
Commercial banks, public sector lenders, and regulated digital financial institutions looking to scale safer, credit-backed products across the Indian market.
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Deal Terms & Syndicate Intelligence
Funding Round
Seed
Funding Type
Equity
Amount Raised (USD)
$2.8M
Amount (INR / Original)
₹23.4 Cr
Date of Funding
Jul 1, 2026
Lead Investor
Arkam Ventures
Syndicate / All Backers
Arkam Ventures, Razorpay Ventures, GrowthCap Ventures, Atrium Ventures, Kunal Shah, Madhusudhan E, Ravishankar, Suresh Rayasam Venkatasubbaih, Sayandeb Banerjee
Investor Structure
10 Investor(s) • Venture Capital, Corporate Venture Capital, Angel Investors
Use of Funds
The fresh capital will be used to scale product development, deepen banking partnerships, expand engineering and go-to-market teams, and support the launch of Credit Line on UPI (CLOU).
business
Company Profile & Footprint
Vertical
Finance
Sub-Vertical
Banking Infrastructure
Segment
Fintech
Sub-Segment
Banking Infrastructure
Business Model
B2B (Business-to-Business, selling infrastructure natively to banks)
Year Founded
2022
Team Size at Funding
11–50
Headquarters
Bengaluru, Karnataka, India
Offices across India
None
International Footprint
None
groups
Leadership & Executive Intelligence