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Spare

Startup
Identifier: spare
Saudi Arabiawww.tryspare.com (Visit website, opens in new tab)
Raised
$8M
Disclosed · not verified
People
2
Financial Services

Key facts

Key facts
FactConfidenceEvidence
HeadquartersSaudi Arabia
1 source
Fundraising statusunknown
no source

Startup details

Saudi fintech leveraging open banking to power payments and financial services for businesses and consumers.

Funding

Disclosed equity raised$8MDisclosed · not verified
Funding
RoundDateAmountConfidence
SeedSep 16, 2025$5M
Source: wamda.com (opens in new tab)
SeedDec 21, 2023$3M
Source: fintech.global (opens in new tab)
  1. Sep 16, 2025Seed$5M
  2. Dec 21, 2023Seed$3M

Team

SA
Saurabh ShahFounder
Co-Founder
Co-Founder
DA
Dalal AlRayesFounder
Co-Founder · CEO
Co-Founder & CEO

Relationships

Founders & leadership

  • Saurabh ShahCo-Founder
  • Dalal AlRayesCo-Founder · CEO

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Sources

1 SourceUnverified

Related companies

Funding

Saudi Open-Banking Fintech Spare Raises $5M Pre-Series A Led by anb Seed Fund

Riyadh-based Spare closed a $5 million pre-Series A round led by anb Seed Fund to deepen bank integrations and expand its open-banking infrastructure across the GCC.

Added