As of 16 Oct 2026, Spare has raised $5M across 1 verified round on record; latest: $5M pre-A round led by Anb Seed Fund, announced 16 Sep 2025.
Spare provides open banking solutions, including account information services and payment initiation APIs for businesses.
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3 sources
Source 3 also recalls Spare’s 2023 round; Wa'ed Ventures appears only as an investor in that earlier round and is excluded here.
| Round | Amount | Announced | Lead | Buzz |
|---|---|---|---|---|
| Pre-A Pre-Series A [ REPORTED LATER ]: This round was announced before Fireround first saw it. It stays in the company's history, not in Latest, Trending, or alerts. | $5M | 2025-09-16 | Anb Seed Fund | No recent discussion |
3 sources [ VERIFIED · CORRECTED ] read against 3 sources
Source 3 also recalls Spare’s 2023 round; Wa'ed Ventures appears only as an investor in that earlier round and is excluded here. | ||||
Spare builds secure open-finance APIs for banks, fintechs, and other businesses and institutions that need to access financial data and initiate payments in MENA.
Spare is building the financial connectivity layer for MENA businesses, with account aggregation, identity verification, risk assessment, and account-to-account payments, while operating under regional regulatory permissions and connecting to more than 35 financial institutions. Its $5 million pre-Series A is intended to scale the open-banking platform, integrations, product development, and GCC expansion as the company positions itself for a MENA open-finance market that its funding announcement says could reach $10.16 billion by 2030.
Checked against 8 sources yesterday
Also named as backers in company research: Wa'ed Ventures, Hasan Zainal
| EARLIER ROUNDS FROM COMPANY RESEARCH · DEVELOPING | ||||
| Funding round | $3 million | 2023-12-20 | Vision Ventures | |