Spare

Pre-series-A
Saudi Arabia
FinTech

Spare is a fintech company based in Saudi Arabia that specializes in open banking solutions. Founded in 2019, Spare provides APIs for account data access, account-to-account payments, identity verification, and risk scoring.

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Middle East Venture Fund IV
Launched in 2023, MEVFI IV is MEVP's fourth regional fund targeting a size of $150M and anchored by the European Investment Bank.
Ticket Size Range
$3M to $5M
Sectors
Fintech, SaaS, Health-tech, Edtech, Logistics, Ecommerce, On-demand services, Marketplaces, Web3
Geography
MENATP
Fund Size
Target $150M
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