Growing Market Reach Spare operates within the expanding open banking ecosystem across MENA, providing opportunities to partner with regional financial institutions seeking to adopt open banking and open finance solutions to enhance their service offerings and customer engagement.

Regulatory Progress With licenses from Bahrain, KSA, Kuwait, and an in-principal approval in the UAE, Spare is strategically positioned for expansion within key Middle Eastern markets, making it an attractive partner for banks and fintechs looking to meet regulatory requirements.

Financial Potential Generating revenue between 25 million to 50 million USD with solid funding backing, Spare demonstrates a stable financial foundation, creating opportunities for joint product development and integrated financial solutions targeting regional businesses.

Tech Infrastructure Utilizing cloud-based technologies like AWS and a variety of API integrations, Spare's robust and scalable platform offers a tech partner for financial institutions aiming to modernize and streamline their data access and customer onboarding processes.

Competitive Positioning As a licensed open banking provider in a competitive landscape with regional players, Spare has the potential to differentiate itself by leveraging its regional bank integrations and regulatory clearances to attract banks and fintechs seeking reliable open banking solutions.