Company Overview
Spenny was a micro-investing fintech platform for India that automatically rounded up users' digital transactions to the nearest 10 INR and invested the difference into a diversified portfolio, similar to Acorns in the US. Founded in 2019 by Gaurav Arora and Rathin Shah and backed by Y Combinator (W20), Spenny raised $1.26M in funding and scaled to 500,000 users before being acquired by CRED on June 23, 2023. The platform charged 1.75% of AUM (assets under management) and provided automated micro-savings and investment services for Indian consumers.
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Emerging Innovator
Spenny is an emerging player bringing innovative solutions to the Finance market.
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