Spenmo
DefunctSingapore, SG · Founded 2019 · 7 known investors
Spenmo provided a spend management platform for businesses, offering bill management with smart scanning and accounting integrations, corporate Visa debit cards, and reimbursement workflows through licensed payment partners. The company, based in Singapore, ceased operations in August 2025.
Founders & leadership
Spenmo was founded in 2019 by Isaq Ahmed Mukthar and Mohandass Kalaichelvan.
IA
Isaq Ahmed MuktharinCo-Founder & CTOCo-founder and CTO of Spenmo (YC S20). Y Combinator describes him as building software since 2003. DealStreetAsia also referred to him as Isaq Ahmed at the Series B announcement.
MK
Mohandass KalaichelvaninCo-Founder & CEOFormer BCG consultant and Grab regional strategy/fintech lead who founded Spenmo in 2019. He stepped down as CEO in 2023 after investor intervention over risk and compliance issues, later starting hotel-finance startup Veridian.
Investors · 7
Frequently asked questions
- What does Spenmo do?
- Spenmo provided a spend management platform for businesses, offering bill management with smart scanning and accounting integrations, corporate Visa debit cards, and reimbursement workflows through licensed payment partners. The company, based in Singapore, ceased operations in August 2025.
- Who founded Spenmo?
- Spenmo was founded by Isaq Ahmed Mukthar, Mohandass Kalaichelvan in 2019.
- Who are Spenmo's investors?
- Spenmo's investors include ITERATIVE, Locus Ventures, Operator Stack, Rocket Internet SE, Silicon Ventures, Global Founders Capital, Team Ignite Ventures.
- Where is Spenmo headquartered?
- Spenmo is headquartered in Singapore, SG.