# Spare Arabian Financial Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/spare-arabian-financial

- Industry: Financial Services
- Headquarters: Riyadh, Saudi Arabia
- Website: www.tryspare.com
- Total disclosed funding: $3M
- Latest round: Seed (Oct 1, 2023)
- Investors on record: 4

## About

Founded in 2018, based in Riyadh, Saudi Arabia, Spare Digital Technologies L.L.C operates as operates as a fintech company specializing in open banking infrastructure, offering secure APIs for account aggregation, identity verification, risk assessment, and seamless payments across the MENA region. In September 2025, Spare Digital Technologies L.L.C raised USD 5 million in pre-series A funding led by ANB Capital, with participation from Middle East Venture Partners, Boubyan Capital, 500 Global, Vision Ventures and Seedra Ventures The company will use the September 2025 funding to support the further development of its open banking platform.

## Funding rounds

- Seed, Oct 1, 2023, $3M — 500 Global, Vision Ventures, Saudi Aramco Entrepreneurship Ventures, Seedra Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Vision Ventures — Seed
- Saudi Aramco Entrepreneurship Ventures (https://capitalatlas.ai/funds/saudi-aramco-entrepreneurship-ventures) — Seed
- Seedra Ventures (https://capitalatlas.ai/funds/seedra-ventures) — Seed