Thrilled to announce our investment as Lead Investor in Spense $1.85M pre-seed round โ a rocketship-in-the-making led by two razor-sharp founders:
๐น Pawan Kumar (ex-Uberโs Applied Science brain)
๐น Srinivas Krishnamurthy (ex-BNP, and now fixing the very rails he once rode on)
What theyโre building isnโt just another fintech product. Itโs banking infra 2.0 โ secure, programmable, regulatory-grade infrastructure that helps banks and fintechs launch secured credit cards instantly. No paper. No queues. No broken journeys.
And in just 12 months, theyโre already live with top private banks and powering secured cards for leading fintechs.
๐ง Cards โ๏ธ
๐ฑ Forex โ๏ธ
๐ผ Prepaid programs โ๏ธ
๐ฒ UPI TPAP โ๏ธ
(Yes, theyโre building the whole stackโฆ and no, itโs not a weekend project ๐)
Also excited to co-invest alongside some seriously sharp folks:
๐ก Kunal Shah โ No intro needed
๐ Sayandeb Banerjee โ Scaling data science globally
๐ค Suresh Rayasam โ Head of Applied AI, LinkedIn
๐ผ Ravi Sudhakar โ Director AI Biz at Microsoft
Thanks to leading media house Entrepreneur India , Entrackr, BW Disrupt, Business Outreach all recognizing the scale of whatโs being built here.
At GrowthCap Ventures,along with Jenny Mehta we believe infra is boringโฆ until it breaks. And Spense is fixing the pipes before they leak โ quietly, efficiently, and at scale.
Big cheers to the entire Spense team. The rails are live. The banks are onboard. The future is programmable. And yes, weโre just getting started.
Letโs go! ๐
Fintech CreditInfra OperatorVC GrowthCapVentures SpenseMoney IndiaStack VCIndia StartupIndia ProfitsWithPurpose FutureOfBanking
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