Spense Raises $2.8 Million in Seed Funding Led by Arkam Ventures

Bengaluru-based fintech infrastructure startup Spense has raised $2.8 million in a seed funding round led by Arkam Ventures. The round also included participation from Razorpay Ventures and GrowthCap Ventures.

Funding to Support Product and Business Growth

Spense plans to use the new capital to strengthen its product engineering capabilities and improve its financial infrastructure platform. The company also intends to expand its customer base by increasing its presence among enterprise merchants.

Building Embedded Financial Infrastructure

Founded by Pawan Kumar and Srinivas Krishnamurthy, Spense develops banking and payment infrastructure that helps businesses integrate financial services into their existing digital products. Its platform enables enterprises, digital platforms, and creators to add payment collection, checkout experiences, and automated payout workflows without rebuilding their technology stack.

Focus on Enterprise Payment Solutions

The company's low-code API framework supports integration with modern applications while managing large transaction volumes. Through its platform, businesses can simplify payment processing and settlement operations across regional markets.

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