About SpareChange
SpareChange is a company based in New York (United States) founded in 2024. SpareChange has raised $500 thousand across 1 funding round from investors including Y Combinator. SpareChange operates in a competitive market with competitors including Acorns, Plinqit, Grifin, Tranako and Dvdendo, among others.
- Headquarter New York, United States
- SectorsTechnology
- Email••••••••
- Website getsparechange.com
- Social LinkedIn
- Total Equity Funding$500K (USD)
in 1 rounds
- Latest Funding Round$500K (USD), Seed
Jun 2024
- Investors
Funding Insights of SpareChange
SpareChange has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $500,000
- Total Rounds 1
- Last Round Seed — $500,000
- First Round $500,000
(Jun 2024)
- Investors Count 1
All 1 funding rounds of SpareChange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $500,000 | Seed | – | – |
1 investors in total: 1 institutional.
Investors in SpareChange
SpareChange has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States |
Investor details for SpareChange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of SpareChange
2 dated milestones of SpareChange, from founding to its latest funding, stage changes and deals.
- Founded SpareChange is founded.
- Funding First funding round of $500K.
Competitors of SpareChange
SpareChange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Acorns, Plinqit, Grifin, Tranako and Dvdendo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| acorns.com | 2012 | Irvine, United States | $587.84M | – | App-based platform for spare change investment | |
| plinqit.com | 2015 | Ann Arbor, United States | $5.08M | – | Automated micro-savings app | |
| grifin.com | 2016 | Tampa, United States | $11M | – | Provider of an investment platform that enables stock purchases through everyday spending | |
| toranotec.com | 2016 | Tokyo, Japan | $26.4M | – | Spare change from purchases is automatically invested in global assets. | |
| dvdendo.com | 2015 | Miami, United States | – | – | Dvdendo delivers digital investment tools and advisory services to support financial decision-making. | |
| getremynt.com | 2022 | San Francisco, United States | $100,000 | – | Debt resolution and credit rebuilding services are offered to consumers. |
Detailed competitors of SpareChange
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to SpareChange
10 companies that operate in the same segment as SpareChange (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.73 B | USD 2.98 B | 2,300 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | – | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | – | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | – | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | – |
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Frequently Asked Questions about SpareChange
SpareChange was founded in 2024.
SpareChange is headquartered in New York, United States. It is registered at New York, New York, United States.
SpareChange is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 2024.
SpareChange was founded in 2024 in New York, United States, within the fintech and philanthropy sector. The platform is operated as a centralized tool for handling spare change contributions. Services are provided to facilitate high-impact donations to selected causes, with tax-effective strategies integrated. Operations focus on enabling efficient, purpose-driven financial actions for users across the region.
SpareChange has 1 investor. Key investors include Y Combinator.