About Spense
Spense is a Technology company based in Oslo (Norway) founded in 2020. Payment processes for dealerships are streamlined by Spense. It operates on a SaaS (Software-as-a-Service) model in Technology and Financial Services sectors. Spense has raised $888.84 thousand across 1 funding round from investors including Gjensidige. The company has 7 employees. Spense offers products and services including Spense Solution. Its focus areas include Financial Technology and Payment Solutions. Its legal entity is Spense AS. Its competitors include Orbyt, Receipts and Cerebus Invest; 1 of its 3 listed competitors has raised funding.
Company details
Payment inefficiencies in dealerships are addressed by Spense through automated reconciliation, digital payment options, and enhanced cash flow. Service advisors are empowered to focus on customer interactions rather than administrative tasks. Solutions are provided for real-time transaction visibility and branded customer experiences. The automotive dealership sector is primarily served with tailored payment software.
- Headquarters Oslo, Norway
- Employees 7
- SectorsTechnologyFinancial Services
- Phone•••• ••••
- Website spense.no
- Legal Name Spense As
- Total Equity Funding$888.84K (USD)
in 1 rounds
- Latest Funding Round$888.84K (USD), Seed
Feb 2025
- Investors
- Employee Count7
Products & Services of Spense
Spense offers a comprehensive portfolio of products and services, including Spense Solution.
Payment reconciliation is automated for dealerships using this software.
Funding Insights of Spense
Spense has successfully raised a total of $888.84K through 1 strategic funding round. The most recent funding activity was a Seed round of $888.84 thousand completed in February 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $888,838
- Total Rounds 1
- Last Round Seed — $888,838
- First Round $888,838
(Feb 2025)
- Investors Count 1
All 1 funding rounds of Spense with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2025 | $888,838 | Seed | – | Gjensidige | – |
1 investors in total: 1 institutional.
Investors in Spense
Spense has secured backing from 1 investor. Prominent investors backing the company include Gjensidige.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Insurance services for vehicles, homes, and personal safety are provided by Gjensidige. | gjensidige.se | Sweden |
Investor details for Spense
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Timeline of Spense
2 dated milestones of Spense across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Spense is founded.
- Funding First funding round of $889K.
Competitors of Spense
Spense has 3 listed competitors in our database, 1 of them funded. They include Orbyt, Receipts and Cerebus Invest.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| orbyt.tech | 2009 | Kristiansand, Norway | Invoice payments are facilitated for businesses through multiple methods. | |||
| receipts.no | 2021 | Oslo, Norway | $1.74M | Provider of digital receipt and card recognition services for banks and cashier systems | ||
| cerebusinvest.no | 2022 | Kristiansand, Norway | Provides efficient invoice payment processing solutions for businesses. |
Detailed competitors of Spense
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Related news about Spense
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Frequently Asked Questions about Spense
Spense was founded in 2020 and raised its 1st funding round 5 years after it was founded.
Spense is headquartered in Oslo, Norway. It is registered at Oslo, Oslo, Norway.
Spense is a funded company, having raised a total of $888.84K across 1 funding round to date. The company's 1st funding round was a Seed of $888.84K, raised on Feb 2025.
Spense has 7 employees.
Payment inefficiencies in dealerships are addressed by Spense through automated reconciliation, digital payment options, and enhanced cash flow. Service advisors are empowered to focus on customer interactions rather than administrative tasks. Solutions are provided for real-time transaction visibility and branded customer experiences. The automotive dealership sector is primarily served with tailored payment software.
Spense's top competitors include Orbyt, Receipts and Cerebus Invest.
Spense offers Spense Solution.
Spense has 1 investor. Key investors include Gjensidige.
Spense operates through Spense As.