Riyadh – Sharikat Mubasher: Saudi-based fintech Spare announced raising $5 million in a pre-Series A funding round led by anb capital, with participation from Vision Ventures, SEEDRA Ventures, 500 MENA, Middle East Venture Partners, and Boubyan Capital.

According to the company’s announcement on LikedIn, the new capital will fuel Spare’s plans to scale its open banking platform across the Middle East and North Africa, enabling more partnerships with banks, fintechs, and other businesses seeking seamless financial connectivity.

Founded to simplify financial data sharing and payments, Spare aims to unlock new use cases for open banking as demand for real-time, interoperable services grows in the region. The company said the investment marks a key step toward building the infrastructure to power the next wave of fintech innovation in MENA.