/Companies

Spare Payments

Founded 2018 · 19 employees on LinkedIn · 1 known investors

Find your way into Spare Payments

Sign up to see every warm intro you have to Spare Payments

  • Paths you didn't know you had: your email and LinkedIn already hold routes to the Spare Payments team. We find them for you
  • 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
  • Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone

Days of research, done the moment you sign in, with every route ranked by how warm it is.

Spare provides a contactless payment and school-management platform that lets schools collect and manage fees for canteens, trips, events and extra-curricular activities, with students paying via wristband, phone, card or student ID. It also offers tools for attendance tracking, bus scheduling, parent communication, inventory management, spending limits and allergen controls from a central dashboard.

Founders & leadership

Spare Payments was founded in 2018 by Mohamad Tawakol and Mohamed Zohair.

MT
Mohamad Tawakol
MZ
Mohamed ZohairCo-Founder

Investors · 1

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Not right? Tell us

Frequently asked questions

What does Spare Payments do?
Spare provides a contactless payment and school-management platform that lets schools collect and manage fees for canteens, trips, events and extra-curricular activities, with students paying via wristband, phone, card or student ID. It also offers tools for attendance tracking, bus scheduling, parent communication, inventory management, spending limits and allergen controls from a central dashboard.
Who founded Spare Payments?
Spare Payments was founded by Mohamad Tawakol, Mohamed Zohair in 2018.
Who are Spare Payments's investors?
Spare Payments's investors include 500 Global.