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Spense

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Reward-based savings platform incentivizing users to achieve financial goals.

Overview

Spense operates as a reward-based personal savings platform that incentivizes users to save money by offering rewards for achieving savings milestones. The platform incorporates principles of behavioral economics to encourage users to set personal financial targets and track their progress. Spense offers a variety of products, including APIs, modular SDKs, and a DIY platform named Morph, which allows businesses to develop customized financial solutions. The company targets clients in the banking sector, focusing on the rapid development of financial applications while ensuring regulatory compliance. Their services include KYC onboarding, digital banking APIs, virtual cards, and investment opportunities, along with consultation services from industry experts.

Key facts

Founded
2022
Headquarters
Bengaluru, India

Business model

Contact

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About Spense

What does Spense do?

Spense operates as a reward-based personal savings platform that incentivizes users to save money by offering rewards for achieving savings milestones.

Where is Spense headquartered?

Spense is headquartered in Bengaluru, India.

When was Spense founded?

Spense was founded in 2022.

Which sector is Spense in?

Spense operates in Personal Finance Management, part of Financial Technology.

Who are Spense's competitors?

Companies similar to Spense include Rift, Kaldi, and Zumma.