Spave
Spave is a U.S.-based private fintech founded in 2016 and headquartered in Red Wing, Minnesota. The company focuses on personal finance, transactions, and philanthropy aimed at millennial consumers, likely offering savings and charitable giving tools tied to everyday payments.
- Company typePrivate
- Founded2016
- HeadquartersRed Wing, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Spave does
Spave is a U.S.-based private fintech company headquartered in Red Wing, Minnesota, founded in 2016. According to its firmographic classification, the company specializes in technology, personal finance, user experience, philanthropy, millennials, and transactions — positioning it at the intersection of consumer saving/payment tools and charitable giving. The company's name ("Spave") and thematic focus strongly suggest a round-up or micro-donation product that lets users direct small amounts from everyday transactions toward savings and/or philanthropic causes, though no product details are disclosed in the available source material.
The company is led by CEO Susan Sorensen Langer. It operates with a headcount band of 11-50 employees and remains privately held. Notably, Spave's corporate website (spave.io) renders only a verification/loading page at the time of data collection, and no substantive product information, pricing details, revenue figures, funding history, customer roster, or partnership disclosures are available in the input data. This material data gap — affecting nearly every dimension of standard due diligence — should be treated as a primary risk factor for any prospective investor.
Business model mechanics (how Spave monetizes — interchange, SaaS, referral, subscription, or interchange share with charity partners) are not disclosed. No revenue, ARR, GMV, or transaction volume figures are available. Without access to product documentation, partnership agreements, or financial statements, an investment-grade assessment of unit economics, customer acquisition cost, or lifetime value is not possible from the supplied evidence.
Spave firmographics
Firmographics- Name
- Spave
- Website
- https://spave.io
- Company type
- Private
- Founded year
- 2016
- Headcount range
- 11–50 employees
- Short description
- Spave is a U.S.-based private fintech founded in 2016 and headquartered in Red Wing, Minnesota. The company focuses on personal finance, transactions, and philanthropy aimed at millennial consumers, likely offering savings and charitable giving tools tied to everyday payments.
- Ownership category
- akta.pro rank
Spave industry classification
Industry- Product category
- Personal Finance & Philanthropy Fintech
- NAICS
- Software Publishers (5132)
- akta.pro primary industry
- Debt Management & Paydown (Student Loans, Credit Cards) (FSAGADAD)
Keywords
Where Spave is headquartered
LocationHeadquarters
- HQ city
- Red Wing
- HQ country
- United States
- HQ region
- North America
Markets served
Spave business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations
Spave product offering
Product offeringCore offering
Spave is a fintech company that operates a technology platform at the intersection of personal finance and philanthropy. The offering targets millennial users and centers on user experience and transactions that combine everyday financial activity with charitable giving.
Product overview
No product information available in the source data. The spave.io webpage displays only a verification/loading page with no substantive content.
Differentiator
Problem solved
Functional benefit
Products and services
- Spave personal finance and philanthropy platform
Companies that use Spave
Customer profileIdeal customer profiles1 record
Spave technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Spave competitors and assessment
Company assessmentDirect peers
- Acorns: Acorns is a micro-investing app that rounds up everyday purchases and invests spare change. It is the most direct comparable to Spave's round-up spare-change mechanic, with a larger user base and broader investment product set.
- Qapital: Qapital is a goal-based savings app that uses rules and round-ups to move small amounts into savings or investments. It directly mirrors Spave's micro-transaction savings mechanic with similar millennial targeting.
- Dave: Dave is a financial wellness app offering advances, budgeting, and side-income tools. It is comparable as a PFM-focused fintech serving a similar demographic with low-balance consumer banking alternatives.
- Stash: Stash is a personal finance and investing app targeting millennials and first-time investors. It competes with Spave for the same younger user seeking accessible entry points into savings and investing.
- Digit: Digit is an automated savings app that analyzes spending and moves small amounts into savings. It is comparable to Spave as a PFM-focused fintech using micro-transactions to drive engagement and retention.
- Albert: Albert is a financial wellness app combining budgeting, automated savings, and investing. It competes directly with Spave for the same millennial user seeking an all-in-one money management experience.
- Daffy: Daffy is a charitable giving platform that allows users to donate to nonprofits via a dedicated account. It overlaps with Spave's philanthropic-giving angle and shares the millennial purpose-driven target audience.
Broad incumbents
- Current: Current is a mobile banking platform targeting millennials with features including savings, spending, and charitable giving. It is broader in scope than Spave but overlaps on purpose-driven millennial banking.
- Chime: Chime is a large neobank with built-in savings, spending, and round-up features. It is a broad incumbent with overlapping PFM functionality and significantly greater scale and brand recognition.
Emerging players
- Greenlight: Greenlight is a debit card and financial literacy app for kids and teens with savings and giving features. It overlaps thematically with Spave on the round-up-to-give mechanic and shares a focus on building lifelong financial habits.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat1 record
Key risks5 records
Key highlights5 records
Customer concentration
Spave social profiles
Digital presenceSpave financial estimates
Financial estimateRevenue estimate
Valuation estimate
Spave leadership team
Management profileNumber of profiles
Profiles1 record
Spave funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Spave M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Spave
What does Spave do?
Spave is a fintech company that operates a technology platform at the intersection of personal finance and philanthropy. The offering targets millennial users and centers on user experience and transactions that combine everyday financial activity with charitable giving.
When was Spave founded?
Spave was founded in 2016. It employs 11 to 50 people.
Where is Spave based?
Spave is headquartered in Red Wing, United States, in the North America region.
Who are Spave's main competitors?
Direct peers on record are Acorns, Qapital, Dave, Stash, Digit, Albert and Daffy. Broad incumbents are Current and Chime. Greenlight is listed as an emerging player.
Does Spave have an API?
No public API is recorded for Spave.
What industry is Spave in?
Spave's product category is Personal Finance & Philanthropy Fintech. Its primary akta.pro industry code is FSAGADAD, Debt Management & Paydown (Student Loans, Credit Cards). Its NAICS code is 5132.