Spense Raises $2.8 Mn From Arkam Ventures To Build Secured Lending Infra

by · Inc42

SUMMARY

  • Fintech startup Spense raised $2.8 Mn (about ₹27Cr) in a seed funding round led by Arkam Ventures, with participation from Razorpay Ventures, GrowthCap Ventures, and Atrium Ventures
  • It enables banks to launch modern asset-backed credit products, including secured credit cards and credit lines, without replacing their existing technology infrastructure
  • The startup claims to have partnered with seven major banks across India, and powers more than 2 Lakh active cards