Fintech unicorn CRED has acquired savings and investment platform Spenny for an undisclosed amount.

Burgeon Law advised Spenny in this acquisition deal.

The transaction team consisted of Abhisshek Singlla (Partner) and Soumya Tantia (Associate).

Founded in 2019 by Rathin Shah and Gaurav Arora, Spenny is a micro-savings and investment platform that encourages users to spare a small amount of money towards savings and investment from daily transactions or online spending.

The Spenny acquisition is consistent with CRED's goal of expanding its portfolio, particularly in the fintech sector.

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