Srinivas Krishnamurthy (Spense)
Overview
Srinivas Krishnamurthy is the co-founder and Chief Technical Officer (CTO) of Spense, a Bengaluru-based fintech startup. Spense focuses on providing programmable banking and card infrastructure, allowing the rapid development of financial applications through the use of APIs. The company has successfully positioned itself in the fintech landscape of India by addressing financial inclusion, particularly in a country where a significant portion of the population remains outside the traditional banking infrastructure.
Recent Developments
Spense and Srinivas Krishnamurthy have been at the forefront of fintech innovations, particularly over the last couple of years:
- 2025: Spense raised $1.85 million in a pre-seed funding round led by GrowthCap Ventures, joined by notable investors such as Kunal Shah, co-founder of CRED. This funding is targeted toward expanding their banking partnerships and further developing their technological offerings.
- 2025: Spense continued to focus on secured lending solutions, aligning with market trends in India. This strategic pivot aims to facilitate access to financial services for individuals with savings but limited credit history.
- 2024: The firm expanded its workforce, ending the year with 20 employees, marking significant growth from the prior year.
- 2024: Spense reported annual revenue of ₹76 lakh, reflecting its growing impact on the fintech sector.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Srinivas Krishnamurthy |
| Born | Not specified |
| Nationality | Indian |
| Occupation | Co-Founder & CTO of Spense |
| Known For | Fintech infrastructure development |
| Net Worth | Not publicly disclosed |
| Education | Information not detailed |
Early Life and Education
Details about Srinivas Krishnamurthy's early life and education are limited. From what is available, it is known that he has a background in technology and finance, having worked as a Technical Lead at BNP Paribas before founding Spense. His career path indicates a strong foundation in technological innovations, particularly within the banking and financial sectors.
Career and Notable Achievements
Srinivas Krishnamurthy's professional journey reflects significant contributions to fintech:
- Co-founded Spense in 2022 with the vision of revolutionizing India's banking infrastructure through the advancement of API-driven financial applications.
- Led the development of Spense's secured credit infrastructure model, aligning with the Reserve Bank of India's initiatives toward reducing unsecured lending.
- As CTO, he has successfully driven Spense's technology strategy, securing essential partnerships and investments.
Current Work and Impact
At present, Srinivas Krishnamurthy continues to advance Spense's mission as its CTO. His work is particularly focused on increasing the accessibility of financial services through innovative technology solutions that provide secure and compliant banking platforms. Krishnamurthy's impact is evident in Spense's rapid growth and its potential to bridge existing gaps in India's financial inclusion.
Conclusion
Srinivas Krishnamurthy embodies the spirit of innovation within India's evolving fintech industry. As co-founder of Spense, he has played a crucial role in developing cutting-edge financial solutions that aim to integrate a large unbanked population into the financial ecosystem. With continued support and strategic planning, he is poised to maintain a significant influence on the sector, potentially contributing to broader financial technology developments globally.