• Bengaluru’s Spense Secures $1.85M Pre-Seed to Revolutionize Banking OS
• Pepperfry Raises Rs 43.3 Crore to Boost Omnichannel Furniture Marketplace
• GyanDhan Bags Rs 50 Crore Series B to Expand Education Loan Access
• LoanTap Raises Rs 74 Crore Pre-Series C for MSME Supply Chain Financing
• Syfe Raises $80 Million Series C2 to Drive Regional Wealth Management Growth

The Indian startup ecosystem has set a new record by bagging another round of funding in a few sectors like Climate tech, Travel, Aviation Tech, Retail Apparel and Fashion, Chemical Manufacturing & Digital Entertainment marks another win for the startupreneurs by raising funds and updating the growth probability and standardizing the products and services. The week went by successfully witnessing funds in every stage of funding from Pre-Seed, Pre-series, Seed, Series C, & others.

Funding News: Bengaluru Fintech Startup Spense Raises $1.85 Million in Pre-Seed Funding

Startup: Spense

Founder:  Siddharth Dungarwal

About us: Transforming traditional banks and financial institutions for the next digital age. Building the Banking OS for the World.

Founded Year: 2022

Office: Bangalore, Karnataka

Sector: Financial Services

Funding Round: Pre-Seed

Investors: GrowthCap Ventures

Spense, a Bengaluru fintech company with a focus on programmable banking and credit card infrastructure, has raised $1.85 million in a pre-seed round led by GrowthCap Ventures.

Prominent investors include Kunal Shah (Founder, CRED), Sayandeb Banerjee (Co-founder, The Math Company), Suresh Rayasam (Head of Applied AI for GTM), Ravi Sudhakar (Director, AI Global Business Strategy, Microsoft), among others.

The startup will apply the proceeds to bring on more banking partners, grow fintech partnerships, and diversify its product and technology base beyond secured credit cards.

Website: https://spense.money/