# Spenny Fintech Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spenny-fintech-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.spenny.com
- Latest round: Seed (Jul 1, 2020)
- Investors on record: 5

## About

Based in Karnataka, India, and founded in 2019, Spenny Fintech Private Limited, also known as Spenny, operates as a financial service provider that offers investment services. The company was founded by its CEO, Rathin Shah, and Gaurav Arora. In June 2023, Dreamplug Technologies Pvt. Ltd., a portfolio company of Alpha Wave Global, Alteria Capital, AME Cloud Ventures, Gemini Investments, and Tiger Global Management, acquired Spenny from Y Combinator, 500 Global, Cabra VC, and EchoVC Partners.

Spenny offers a micro-savings and investment platform, which is an online Piggy Bank that allows users to invest in various funds and earn cash back. The company provides an online savings app that helps users save money automatically every time they spend, whenever they make a purchase using their cards, UPI, or net banking. The firm automatically invests your savings in either Digital Gold or Mutual funds, and the company also provides investment opportunities with reputed partners such as ICICI, Aditya Birla, Paytm, and others.

## Funding rounds

- Seed, Jul 1, 2020 — 500 Global, Y Combinator, EchoVC Partners, Entrepreneur First, Cabra VC

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- EchoVC Partners (https://capitalatlas.ai/funds/echovc-partners) — Seed
- Entrepreneur First (https://capitalatlas.ai/funds/entrepreneur-first) — Seed
- Cabra VC (https://capitalatlas.ai/funds/cabra-vc) — Seed