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SPARE
AddedFeb 15, 2024
UpdatedJun 18, 2026
SPARE

SPARE

Pre-Seed

Spare is a mobile app transforming cash management by turning retail locations into virtual ATMs, enhancing financial accessibility.

HQ
West Hollywood, CA, US
Founded
2013
Accelerator
Techstars logoTechstars: Anywhere Remote2022
Overview
Compare
Fundraising
Employees
News
Website

Founded with the mission to revolutionize cash management, Spare offers a unique mobile application that transforms retail locations into virtual ATMs. This innovative solution addresses the high costs and accessibility issues associated with traditional ATMs, providing a cost-efficient cash solution for over a million app users and more than 7,000 retail merchants. By leveraging its SaaS/Enterprise model, Spare enhances financial accessibility and convenience for consumers while enabling retailers to generate additional revenue through seamless integration with their POS systems.

Notable affiliated individuals and investors have propelled Spare's growth, contributing to its significant impact on the cash management industry. As of 2023, Spare boasts 3,207 active merchants, each contributing an average of $5,000 monthly, resulting in over $16 million in network cash availability. This extensive network underscores Spare's success in creating a more accessible and cost-effective cash solution, solidifying its position as a leader in the virtual ATM market.

SPARE - Quick Facts

When was SPARE founded?

SPARE was founded in 2013.

Where is SPARE's headquarters located?

SPARE's headquarters is located in West Hollywood, CA, US.

When was SPARE's last funding round?

SPARE's most recent funding round was for $220k (USD) in June 2022.

How much has SPARE raised to-date?

As of Jun 24, 2022, SPARE has raised a total of $1.2M (USD).

How many employees does SPARE have?

SPARE has 17 employees as of Feb 5, 2024.

SPARE - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Global
Model
  • Platform
Revenue
  • Software
  • Transactional
Customer
  • Consumers
  • Small Business
Main Product
  • Financial Services
Tags
  • API
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 6282Investment Advice
Show 14 more industry codes
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 513210Software Publishers
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6000Depository Institutions
  • 7300Business Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 8740Management And Public Relations Services
  • 7372Prepackaged Software
  • 8742Management Consulting Services