# Spense Reliable Fintech Solutions Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spense-reliable-fintech-solutions-private

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.spense.tech
- Total disclosed funding: $2.8M
- Latest round: Seed (Jul 1, 2026)
- Investors on record: 4

## About

Based in India, Spense Reliable Fintech Solutions Private Ltd. doing business as Spense. Spense provides innovative digital banking solutions designed to enhance financial institutions' capabilities through secure and user-friendly technology. Founded in 2022, Spense Reliable Fintech Solutions Private Ltd. operates from Bangalore, India, focusing on digital banking solutions. Spense Reliable Fintech Solutions Private Limited co-founded by Pawan Kumar (CEO) and Srinivas Krishnamurthy (CTO).  In July 2026, Spense Reliable Fintech Solutions Private Limited raised USD 2.8 million in seed funding led by Arkam Ventures, with participation from  Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures. Spense Reliable Fintech Solutions Private Ltd. specializes in creating comprehensive digital banking solutions tailored for financial institutions. The company's core offerings include a smart banking app that emphasizes user-friendly and secure interfaces, facilitating seamless customer interactions. Spense's solutions aim to enhance agility and scalability for banks and non-banking financial companies (NBFCs), addressing challenges in digital transformation and customer experience. Their products support various functions such as account management, digital gold investments, peer-to-peer lending, and mutual fund transactions. Notably, Spense serves a diverse client base, including retail and consumer banks like SBM Bank India and Axis Bank, indicating a strong presence in the Indian financial market, with potential expansions in other regions as they refine their offerings.Spense's revenue model is primarily based on partnerships and B2B transactions with financial institutions seeking to improve their digital banking capabilities. The company generates income through bespoke solutions that may involve subscription fees or service charges for the implementation and ongoing support of their banking applications. Their flagship product, the smart banking app, is pivotal to their revenue generation as it enables banks to streamline processes and enhance customer engagement. Transaction structures encompass service agreements that detail pricing plans based on the scope of services utilized by each client, aligning costs with specific client needs and anticipated transaction volumes. This approach allows Spense to maintain strategic relationships with its clients while driving sustained revenue from its innovative financial technology solutions.

## Funding rounds

- Seed, Jul 1, 2026, $2.8M — Arkam Ventures, GrowthCap Ventures, Atrium Ventures, Razorpay Ventures

## Investors

- Arkam Ventures (https://capitalatlas.ai/funds/arkam-ventures) — Seed
- GrowthCap Ventures (https://capitalatlas.ai/funds/growthcap-ventures) — Seed
- Atrium Ventures (https://capitalatlas.ai/funds/atrium-ventures) — Seed
- Razorpay Ventures (https://capitalatlas.ai/funds/razorpay-ventures) — Seed