SPARE CS, Inc. Market Research Report

Company Overview

• Name: SPARE CS, Inc.

• Mission: Revolutionizing financial access, fostering community empowerment, and innovating for a better tomorrow.

• Founded: 2018

• Founder: D'ontra Hughes

• Key People:

• CEO: D'ontra Hughes

• CTO/Co-Founder: Tim C.

• Lead iOS Engineer: Prakash Kotwal

• Headquarters: West Hollywood, California

• Number of Employees: 11-50

• Revenue: No information is available

• Known For: SPARE CS, Inc. is known for its innovative virtual ATM network that connects digital wallet consumers to local merchants for cash pickup, offering a safe, compliant, and low-cost alternative to traditional ATMs.

Products

Virtual ATM Network

• Description: SPARE's primary product is a pioneering virtual ATM network designed to democratize cash access, especially for the unbanked and underbanked communities.

• Key Features:

• Enables secure cash requests from consumers' existing devices without the need for additional hardware.

• Provides 24/7 customer support.

• Benefits retail partners through increased foot traffic and revenue.

• Integration capability with banks’ existing infrastructures to enhance cash distribution capabilities and reduce operational costs.

Recent Developments

Partnerships

• New Strategic Partnerships: SPARE has forged strategic partnerships with global leaders such as Visa, Pax, DejaVoo, and AMP to bring SPARE's technology to a larger audience.

Company Evolution

• Focus Shift: Initially started as a consumer app, SPARE is now shifting its focus towards integrating its technology into the banking sector to enhance their cash distribution capabilities.

• Market Impact: Aiming to offer a more flexible, cost-effective way for banks to manage cash distribution.

Market Communication

• Community Engagement: Emphasizing the importance of financial inclusivity and efficiency through various communications such as LinkedIn updates discussing industry trends and the benefits of their virtual ATM network.

Contact Information

• Email: hello@gotspare.com

• Office Locations:

• Lewes, DE

• San Diego, CA

• Los Angeles, CA

Office Locations

• Primary Headquarters:

• 750 N San Vicente Blvd, West Hollywood, California 90069, USA

• Additional Locations:

• 2 Embarcadero Center, San Francisco, California 94111, USA

Conclusion

SPARE CS, Inc. is at the forefront of financial technology, advocating for secure, inclusive, and efficient financial solutions. The ongoing partnerships and continuous evolution of their product line signify their commitment to reshaping the financial landscape by making cash access more accessible to everyone.