Spenny announced it would phase out its Android and iOS apps by 21 April 2023 and advised users to withdraw or migrate funds.
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Public company, workplace, funding, and market signals
Spenny is an Indian consumer fintech and micro-investing app that automatically rounds up everyday digital spending to the nearest ₹10 and invests the spare change into gold or mutual funds; the company was founded in 2019 and later acqui-hired by CRED.
Primary product
Automated spare-change investing / micro-savings app ("Gullak")
Founded
2019
Headquarters
Bangalore, Karnataka, India
Team size
1-10 employees
Industry
Financial Services
Sub-industry
Micro-investing / personal finance fintech
Offices
0 jobs at Spenny
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Business model
Stage
acquired
Total raised
$250K
Latest round
Acquired · Jun 2023
Investors
Spenny’s public culture messaging emphasizes humour, relatability, and trust: making finance approachable, avoiding jargon, and being transparent because the company handles people’s money.
Compensation
Public full-time compensation bands were not found. A public internship listing showed ₹8,000/month, with flexible work hours and a 5-day week.
Benefits
Pricing
1.75% of assets under management, with additional revenue ideas around financial-product upsell and partnerships.
Differentiators
Technology
Customers
Competitors
Estimated revenue
under $1M (public estimate roughly $328K on company-profile sources)
Estimated monthly visits
2K
Traffic estimate as of Jun 2026
YourStory · Jun 2023
Reports that CRED acquihired Spenny at an undisclosed amount; founding team members, including Rathin Shah, were set to join CRED’s product team.
The Economic Times · Jun 2023
Confirms the acquihire and says CRED was bringing Spenny’s founding team into its product organization after Spenny had begun phasing out the service.
VCCircle · Jun 2023
Covers the acquihire, Spenny’s spare-change investing model, and CRED’s broader lending/wealthtech strategy.
Livemint · Mar 2023
Spenny said it would phase out its Android and iOS apps by 21 April 2023 and recommended that users withdraw or migrate their funds.
PR Newswire · Feb 2022
Company press release about a marketing campaign aimed at educating users about saving and investing; it describes the product, founders, and growth claims.