Xare

Xare is a dynamic player in the Fintech sector, established in 2020 and headquartered in the United Arab Emirates. Positioning itself as a revolutionary app, the company's mission is encapsulated in its slogan: "Xare (/share/) is a revolutionary new app which allows anyone to be a bank to their tribe."

The app is designed to democratize financial access by enabling individuals to share their debit or credit card access with others in their network—be it family, friends, or business circles. This innovative approach has the potential to transform traditional remittance models and provides a flexible tool for managing personal and business finances.

In its recent financial activities, Xare secured a $3.00M Seed Round investment on 20 May 2021, with participation from notable investors such as MS&AD Ventures and Khwarizmi Ventures. This funding is a testament to investor confidence in Xare's distinct business model and market potential.