<ul><li>Bengaluru-based fintech startup Spense has raised $1.85 million in a pre-seed funding round led by GrowthCap Ventures.</li><li>The funding will help Spense scale its programmable banking infrastructure and expand into new fintech partnerships beyond secured credit cards.</li><li>Founded in 2023 by Pawan Kumar and Srinivas Krishnamurthy, Spense offers infrastructure for banks and fintechs to issue credit cards, prepaid instruments, and forex products while ensuring regulatory compliance.</li><li>Spense's mission is to provide credit access to Indian consumers with fixed deposits by offering APIs and developer tools for faster roll-out of credit products.</li></ul>

Bengaluru-based fintech startup Spense raises $1.85 million

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