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Financial ServicesRiyadh, Saudi Arabia11-50 Employees

Spare is a financial technology company focused on open banking, based in Riyadh, Saudi Arabia. It provides a secure platform that allows businesses to access their customers' financial data through a single regional connection, supporting the development of new financial products. The platform integrates with banks across the region to simplify data access for clients.

Spare is licensed by the Central Bank of Bahrain as an Account Information Service Provider and a Payment Initiation Service Provider. In Saudi Arabia, it is certified as an open banking provider under the SAMA Fintech Regulatory Sandbox and is currently testing services in Kuwait under the Central Bank of Kuwait sandbox, with an in-principal approval for an Open Finance license from the Central Bank of the UAE. The company operates with a small to mid-sized team focused on serving business clients seeking to integrate financial data into their offerings.

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