--- title: Cincinnati-based cannabis payments startup raises millions description: Cincinnati fintech Spendr raises $2.7M to expand its cannabis payments app, aiming for rapid growth in 2025. image: https://420intel.com/hubfs/AI-Generated%20Media/Images/The%20image%20features%20a%20bustling%20urban%20scene%20in%20Cincinnati%20with%20a%20modern%20office%20building%20prominently%20displaying%20the%20logo%20of%20Spendr%20the%20cannabis%20payments%20startup%20In%20the%20foreground%20a%20diverse%20group%20of%20young%20professionals%20are%20engaged%20in%20animated%20discussions-1.jpeg --- [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) ### Press ESC to close [![420intel.com](https://420intel.com/hs-fs/hubfs/Asset%2016-1.png?width=300&height=162&name=Asset%2016-1.png "420intel.com")](https://420intel.com) - [Home](https://420intel.com) - [Advertise](https://420intel.com/advertise) - [Directory](https://420intel.com/directory) - [Topics](https://420intel.com/blog) - [Recreational News](https://420intel.com/blog/tag/recreational-cannabis-news) - [Business News](https://420intel.com/tag/cannabis-business-news) - [Politics](https://420intel.com/tag/cannabis-politics) - [Technology](https://420intel.com/tag/cannabis-technology-news) - [Research](https://420intel.com/tag/medical-cannabis-news) - [Contact](https://420intel.com/contact-us) - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/company/420-intel/) - [Follow us on Twitter](https://x.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) # Cincinnati-based cannabis payments startup raises millions - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) - 2 April 2025 CINCINNATI (Cincinnati Business Courier) - A Cincinnati fintech that specializes in cannabis payments has raised millions of dollars in fresh capital as it looks to expand in a major way in 2025. Spendr, billed as the first app to blend payments and rewards in the recreational and medical marijuana space, raised more than $2.7 million, according to a February Securities and Exchange Commission filing. Founder and CEO Lucas Gould told me the funds largely came from existing individual investors. Spendr plans to follow with a Series A later this year; the recent raise is a bridge as it looks to accelerate its growth.   [by Local 12](https://local12.com/news/local/cincinnati-based-cannabis-payments-startup-raises-millions-fintech-spendr-major-growth-app-recreational-and-medical-marijuana-ceo-lucas-gould) [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) ![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=200&height=200&name=Buzz-No%20Outline-2.png) #### [Buzz](https://420intel.com/blog/author/buzz) At 420 Intel, we cover cannabis legalization news throughout the world, offer reliable information for cannabis business owners, detail technological advances that impact the marijuana industry, cover marijuana rallies from across the globe, and everything in between. - - - [Cannabis Business News](https://420intel.com/blog/tag/cannabis-business-news) [![Humboldt Price Spike: Cannabis Raises Inflation Rate](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/The%20image%20features%20a%20serene%20rural%20landscape%20in%20Humboldt%20County%20California%20under%20a%20clear%20blue%20sky%20In%20the%20foreground%20a%20farmers%20market%20is%20bustling%20with%20activity%20colorful%20stalls%20display%20fresh%20produce%20including%20vibrant%20fruits%20and%20vegetables%20while%20a%20few%20lo-1.jpeg?width=550&height=395&name=The%20image%20features%20a%20serene%20rural%20landscape%20in%20Humboldt%20County%20California%20under%20a%20clear%20blue%20sky%20In%20the%20foreground%20a%20farmers%20market%20is%20bustling%20with%20activity%20colorful%20stalls%20display%20fresh%20produce%20including%20vibrant%20fruits%20and%20vegetables%20while%20a%20few%20lo-1.jpeg)](https://420intel.com/blog/humboldt-price-spike-cannabis-raises-inflation-rates) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 25 June 2025 #### [Humboldt Price Spike: Cannabis Raises Inflation Rate](https://420intel.com/blog/humboldt-price-spike-cannabis-raises-inflation-rates) The rate is calculated based on the local Consumer Price Index (CPI), which shows... [Cannabis Politics](https://420intel.com/blog/tag/cannabis-politics) [![Deputies raid several sites in Eugene, Lane County in THC investigation](https://420intel.com/hs-fs/hubfs/AI-Generated%20Media/Images/The%20image%20depicts%20a%20busy%20scene%20outside%20a%20suburban%20home%20in%20Eugene%20Oregon%20A%20group%20of%20law%20enforcement%20officers%20in%20tactical%20gear%20is%20gathered%20near%20the%20entrance%20their%20faces%20focused%20and%20serious%20Some%20officers%20are%20seen%20carrying%20equipment%20while%20others%20stand%20wa.jpeg?width=550&height=395&name=The%20image%20depicts%20a%20busy%20scene%20outside%20a%20suburban%20home%20in%20Eugene%20Oregon%20A%20group%20of%20law%20enforcement%20officers%20in%20tactical%20gear%20is%20gathered%20near%20the%20entrance%20their%20faces%20focused%20and%20serious%20Some%20officers%20are%20seen%20carrying%20equipment%20while%20others%20stand%20wa.jpeg)](https://420intel.com/blog/deputies-raid-several-sites-in-eugene-lane-county-in-thc-investigation) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 28 March 2025 #### [Deputies raid several sites in Eugene, Lane County in THC investigation](https://420intel.com/blog/deputies-raid-several-sites-in-eugene-lane-county-in-thc-investigation) The Lane County Sheriff's Office executed multiple search warrants at locations in Eugene and... [Cannabis Technology News](https://420intel.com/blog/tag/cannabis-technology-news) [![Future Tech in Cannabis Cultivation Unveiled!](https://420intel.com/hs-fs/hubfs/evan-strock-qWKf56e9KKo-unsplash.jpg?width=550&height=395&name=evan-strock-qWKf56e9KKo-unsplash.jpg)](https://420intel.com/blog/future-tech-in-cannabis-cultivation-unveiled) - [![Buzz](https://420intel.com/hs-fs/hubfs/Buzz-No%20Outline-2.png?width=80&height=80&name=Buzz-No%20Outline-2.png) Buzz](https://420intel.com/blog/author/buzz) - 14 October 2025 #### [Future Tech in Cannabis Cultivation Unveiled!](https://420intel.com/blog/future-tech-in-cannabis-cultivation-unveiled) The **cannabis cultivation** industry took center stage at PhotoX Advanced Sciences 2025, an... - [Follow us on Facebook](https://www.facebook.com/420intel) - [Follow us on LinkedIn](https://www.linkedin.com/420intel) - [Follow us on Twitter](https://twitter.com/420intel) - [Follow us on Instagram](https://www.instagram.com/420intel) Back to Top ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Buzz", "url" : "https://420intel.com/blog/author/buzz" }, "dateModified" : "2025-04-02T11:30:00.323Z", "datePublished" : "2025-04-02T11:30:00.000Z", "headline" : "Cincinnati-based cannabis payments startup raises millions", "image" : [ "https://420intel.com/hubfs/AI-Generated%20Media/Images/The%20image%20features%20a%20bustling%20urban%20scene%20in%20Cincinnati%20with%20a%20modern%20office%20building%20prominently%20displaying%20the%20logo%20of%20Spendr%20the%20cannabis%20payments%20startup%20In%20the%20foreground%20a%20diverse%20group%20of%20young%20professionals%20are%20engaged%20in%20animated%20discussions-1.jpeg" ], "mainEntityOfPage" : { "@id" : "https://420intel.com/blog/cincinnati-based-cannabis-payments-startup-raises-millions", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://420intel.com/hubfs/Asset%2016.png" }, "name" : "420 Intel" } } ```