Spare Payments

Spare is an electronic payments business helping school campuses become cash-free. With Spare installed in schools, parents can be confident that their child will always be able to purchase whatever they require without carrying cash; no more forgetting or losing their allowance, and no more bullying.

Total Fundraised$5B

PE Round
Late Stage
Debt Financing
Pre-IPO
Series C
Series B
Series A
Others
Calendar Image2018
Established
HeadquarterGradient ImageCairo, Egypt
Headquarter
OperationalGradient Image
EGY
Operational Market
SectorGradient Image
E-Commerce
Fintech
Payment
Retail Technology
Primary Sector
EmployeeGradient Image1 - 8
Employees
PinGradient ImageSeed
Current Stage
GlobeGradient Imagehttps://paywithspare.com/
Website

Funding Types by Funds Raised (in USD)

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Cumulative Funding Raised Over Time

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Spare Payments's Investors by Funding Rounds

Funding Round

Announced Date

Disclosed Investors

Round Amount (USD)

Funding Type Image
Others
01 Jun 2017

-

1 Investors

Funding Type Image
Pre-Seed
08 Aug 2018

100K

1 Investors

Funding Type Image
Pre-Seed
08 Aug 2018

100K

1 Investors

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Spare Payments’s Key
Team Members

Mohamed Zohair
Mohamad Tawakol