When was Spense founded?

Spense was founded in 2022 and raised its 1st funding round within a year of its incorporation.

Where is Spense located?

Spense is headquartered in Bengaluru, India. It is registered at Flat No.B1102, Aahika Appt Ranka Colony Road, Bilekahalli, Bangalore, Bangalore, Karnataka, India, 560076.

Who is the current CEO of Spense?

Pawan Kumar of Spense. They have also founded 1 company.

Which legal entities is Spense associated with?

Spense is associated with SPENSE RELIABLE FINTECH SOLUTIONS PRIVATE LIMITED.

How many employees does Spense have?

As of Aug 31, 2025, the latest employee count at Spense is 19.

Is Spense a funded company?

Spense is a funded company, having raised a total of $5M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 16, 2022.

How much is Spense worth?

The latest valuation of Spense is $***** as of May 29, 2025.

When was the latest funding round of Spense?

Spense's latest funding was a $***** Seed round on Jul 01, 2026, with participation from 6 investors.

What is the annual revenue of Spense?

Annual revenue of Spense is less than ₹10 Cr as on Mar 31, 2025

Where does Spense rank among its competitors?

Spense ranks 2nd amongst 5 active competitors, of which 4 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Spense, which secured $2.8M in Jul, 2026.

Who are the top competitors of Spense?

Spense's top competitors include VegaPay, Hyperface and 42 Card Solutions. Among them, Spense secured the most recent funding round in July, 2026.

Spense - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Provider of APIs and SDKs for fintech and digital banking. They offer tools for KYC, digital banking, deposits, cards, payments, and investments. The company provides a platform for building and deploying financial applications. It also offers regulatory compliance assistance and technical support.

Website: spense.tech
Email ID: *****@spense.tech
Registered Address: Flat No.B1102, Aahika Appt Ranka Colony Road, Bilekahalli, Bangalore, Bangalore, Karnataka, India, 560076

Key Metrics

Founded Year

2022

Location

Bengaluru, India

Stage

Seed

Total Funding

$5M in 3 rounds

Latest Funding Round

Seed, Jul 01, 2026, $*****

Post Money Valuation

$***** as on May 29, 2025

Investors

Arkam Ventures & 28 more

Ranked

2^nd among 5 active competitors

Annual Revenue

0 - ₹10 Cr as on Mar 31, 2025

Employee Count

19 as on Aug 31, 2025

Similar Companies

Cardless & 33 more

View Spense's full profile

Spense is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
SPENSE RELIABLE FINTECH SOLUTIONS PRIVATE LIMITED CIN: U72900KA2022PTC163228 , India, Active	Jun 30, 2022	0 - ₹10 Cr (As on Mar 31, 2025)	24 (As on Apr 01, 2026)

Spense has raised a total funding of $5M over 3 rounds. Its first funding round was on Nov 16, 2022. Its latest funding round was a Seed round on Jul 01, 2026 for $*****. 6 investors participated in its latest round. Spense has 6 institutional investors and 23 angel investors.

Here is the list of recent funding rounds of Spense:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 01, 2026	6294746	Seed	9473773	1581899	7109026	9636364
May 28, 2025	1203825	Seed	7908966	4690335	1302162	Kunal Naresh Shah & 21 more
Nov 16, 2022	7349757	Seed	7225769	5602084	Suresh Rayasam Venkatasubbaiah	Ravi Sudhakar Kambhampati & 3 more

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View details of Spense's funding rounds and investors

The founders of Spense are Pawan Kumar and Srinivas Krishnamurthy. Pawan Kumar is the CEO of Spense.

Here are the details of Spense's key team members:

Pawan Kumar: Co-Founder & CEO of Spense and founder of 2 other companies, GrowthCap Ventures and Relay. They serve on the board of 1 company.
Contact Info: 3 email addresses
Srinivas Krishnamurthy: Co-Founder & CTO of Spense.
Contact Info: 1 email address

Spense's Board of Directors

Spense's board has 2 active members. Pawan Kumar and Mohammed Iqbal A are part of team.

Here is the list of Spense's board of directors:

Name	Type	Representing	Status	Duration
Pawan Kumar	Team	-	Current	4y 1m
Mohammed Iqbal A	Team	-	Current	4y 1m

View details of Spense's Founder profiles and Board Members

Spense's employee count trend

Spense has 19 employees as of Aug 25. The total employee count is 138.0% more than what it was in Aug 24. Here is Spense's employee count trend over the years:

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Top competitors of Spense include VegaPay, Hyperface and 42 Card Solutions. Here is the list of Top 10 competitors of Spense, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	VegaPay 2022, Mumbai (India), Series A	Provider of technology to build and launch banking and credit products	$6.6M	Elevation Capital, DSP Mutual Fund & 15 others	64/100
2nd	Spense 2022, Bengaluru (India), Seed	Provider of APIs and SDKs for fintech and digital banking	$5M	QED Innovation Labs, Arkam Ventures & 27 others	59/100
3rd	Hyperface 2021, Bengaluru (India), Seed	Provider of platform for launching and managing credit card programs	$10.7M	Flipkart, 3one4 Capital & 48 others	54/100
4th	42 Card Solutions 2020, Bengaluru (India), Seed	Credit card solution provider for banks and other regulated financial institutions	$8.16M	Beenext, SIG Venture Capital & 9 others	52/100
5th	Clearemifintech.com 2025, Vadodara (India), Unfunded	A fintech company developing a next-generation platform to simplify credit card bill payments and modern financial workflows	-	-	16/100

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Looking for more details on Spense's competitors? Click here to see the top ones

Founders (largest shareholder) own 46.31%, Funds own 6.41%, Enterprises own 0.34% and Angels own 13.04%. The net worth of Spense's founders is INR 27Cr as of Jul 30, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	46.31%	27Cr	3943129	5476526	7473952	1213147
Pawan Kumar	3270986	6746061	6648785	7287259	9544810	7288295
Fund	6.41%	3.74Cr	783118	319515	285054	704836
GrowthCap Ventures	37340	10417	36429	49620	31047	71213
Enterprise	0.34%	20.1L	0	0	0	0
Angel	13.04%	7.6Cr	5605849	1362274	9936622	9932734
Suresh Rayasam Venkatasubbaiah	8759683	4375083	4370232	8500945	5952477	3092280
Ravi Sudhakar Kambhampati	2	4	8	7	2	3
Other People	24.00%	14Cr	4849983	1590135	6484972	6003780
ESOP Pool	9.89%	5.77Cr	3646837	5848576	2596606	5596125
Total	100.00%	58.3Cr	6209442	6703878	9589165	9038948