Spare: Funding, Investors & Team (Sep 2026)
Spare is a provider of an Open Banking Platform and offers the necessary framework to connect banks, customers, and third-party entities seeking access to data. Their goal is to enable customers to share their data securely. Spare is authorized by the Central Bank of Bahrain as an Account Information Service Provider and Payment Initiation Service Provider. Additionally, Spare is involved in the Central Bank of Kuwait Fintech Regulatory Sandbox and has obtained permission from KSA's SAMA Fintech regulatory sandbox.
Spare has raised $3.0M across 1 funding round on record, the most recent a Seed of $3.0M announced in Dec 2023.
That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
Spare Company Profile and Key Stats
Latest funding round on record: Dec 2023.
Spare Funding Rounds
Spare Founders and Leadership Team
No contact details are on record for this team yet.
Spare Funding Compared to Other Financial Services Startups
Spare's latest round of $3.0M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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Spare Funding FAQs
What does Spare do?
Spare is a provider of an Open Banking Platform and offers the necessary framework to connect banks, customers, and third-party entities seeking access to data. Their goal is to enable customers to share their data securely. Spare is authorized by the Central Bank of Bahrain as an Account Information Service Provider and Payment Initiation Service Provider. Additionally, Spare is involved in the Central Bank of Kuwait Fintech Regulatory Sandbox and has obtained permission from KSA's SAMA Fintech regulatory sandbox.
How much funding has Spare raised?
Spare has raised $3.0M across 1 round on record. The most recent is a Seed of $3.0M announced in Dec 2023.
When did Spare last raise funding?
Spare's most recent funding round on record is a Seed of $3.0M, announced in Dec 2023.
Who founded Spare?
FundedIQ lists Laurent Meunier (Founder) at Spare.
Where is Spare headquartered?
Spare is based in Riyadh, Ar Riyad, Saudi Arabia.
How many employees does Spare have?
Spare is in the 11-50 employee band.
How does Spare's funding compare to other Financial Services startups?
Spare's latest round of $3.0M is below the $14M median round size for Financial Services companies on FundedIQ across 5,746 tracked companies over the last two years.
About FundedIQ's Spare Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Spare is left off this page rather than filled in.
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