Spare
ActiveOpen-banking / open-finance APIs: account information (aggregated bank data, transactions, e-statements, account verification, risk assessment) and payment initiation
Spare provides open-finance infrastructure for the GCC: APIs and SDKs that let businesses pull customers' bank balances and transactions, verify accounts, assess risk and initiate account-to-account payments. Spare Technologies WLL holds a Central Bank of Bahrain AISP/PISP licence, Spare Arabian Financial Co operates in the Saudi Central Bank's regulatory sandbox, and a UAE entity has in-principle CBUAE approval. It raised $3M in 2023 led by Vision Ventures and a $5M pre-Series A in September 2025 led by anb Seed Fund.
Founders
Funding Rounds
Lead: anb Seed Fund
Investors: anb Seed Fund, Vision Ventures, SEEDRA Ventures, 500 Global, Boubyan Ventures, Middle East Venture Partners (MEVP)
Company's own term: "pre_series_a". Investors: anb Seed Fund, Vision Ventures, SEEDRA Ventures, 500 Global, Boubyan Ventures, Middle East Venture Partners (MEVP).
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