StopDown
SP
Company

Spense

secured lending infrastructure
Financial ServicesFounded 2022

Spense key numbers

$2.8MTotal raised · 2026Source: Spense raises $2.8M seed funding to build asset-backed credit infrastructure

As reported on the date of each story; tap a number for its source.

Stories cover its funding news. Sectors: Financial Services. Stages: Seed.

The founders

PK

Pawan Kumar

Co-Founder and CEO
  • Pawan Kumar, Co-Founder and CEO of Spense, believes the future of banking will be shaped by asset-unlocking infrastructure and AI-powered intelligence.
  • He emphasized that India's credit challenge is fundamentally an infrastructure problem, not a risk problem.
  • Pawan believes anyone holding a valuable financial asset should be able to access modern credit products efficiently.
SK

Srinivas Krishnamurthy

Co-Founder and CTO
  • Srinivas Krishnamurthy, Co-Founder and CTO of Spense, highlighted the evolution of banking infrastructure.
  • He noted that the next phase of banking is the digitization of collateral itself.
  • Srinivas believes that banks have digitized accounts, payments, and transactions, but the next step is the digitization of collateral.

Who put in money

Arkam VenturesAtrium VenturesGrowthCap VenturesRazorpay Ventures

Up against

Alternative underwriting models using bank statements, GST records, UPI transactions, and behavioural data.

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