Spare

Financial Services • Al Woroud, Riyadh, Saudi Arabia • 21-50 Employees

Company overview

Headquarters	Al Woroud, Riyadh, Saudi Arabia
Phone number	+96620182025
Website	tryspare.com
NAICS	52
Keywords	Tech, Fintech, Apis, Open Banking, Open Finance, Financial Apis
Founded	2018
Employees	21-50
Socials

Key Contacts at Spare

Sami Aburashid

Director Of Revenue And Operations

Saurabh Shah

Co-Founder

Spare Email Formats

Spare uses 1 email format. The most common is {first name} (e.g., john@tryspare.com), used 100% of the time.

Format	Example	Percentage
{first name}	john@tryspare.com	100%

About Spare

Spare is an open banking fintech company. We provide a seamless, secure, platform that allows businesses to access their customers' financial data, enabling them to build innovative financial products. Spare's platform connects with all banks in the region and offers a single connection to businesses, simplifying the access to data. Spare is licensed by the Central Bank of Bahrain as an Account Information Service Provider and Payment Initiation Service Provider (AISP/PISP). Spare is certified as an open banking provider in KSA under SAMA Fintech Regulatory Sandbox, and is currently testing open banking services in Kuwait under the Central Bank of Kuwait sandbox. Spare also has an in-principal approval for an Open Finance license under Central Bank of UAE.

Spare revenue & valuation

Annual revenue	$3,400,000
Revenue per employee	$126,000
Estimated valuation?This valuation is estimated based on industry average for the Financial Services industry and current estimated revenues	$10,900,000
Total funding	$8,000,000