Spare, a financial App, was started by D’ontra Hughes in June 2013. As of September 2023, Spare net worth is $ 22.1 million, and they’re pulling in a whopping $4 million in annual revenue. 

In April 2019, they appeared on season 10 of Shark Tank USA and made a deal with Mark Cuban for $500,000 for 12% equity and 2% advisory shares. The final valuation was $4.1 million, down from the founder’s initial estimate of $14.3 million.

When it comes to the year 2023, Spare smoothly runs their business with millions of revenues. If interested, you can download their financial app from the Google App Store or Apple App Store.

Spare Net Worth

Net worth$22.1 million
Annual Sales Revenue$4 million
ProfitsNot publicly available
Lifetime salesNot publicly available
Shark Tank InvestorMark Cuban
FounderD’ontra Hughes
Employees11-50 employees

Spare Net Worth Timeline

Net Worth 2023$22.1 milion
Net Worth 2022$22 million
Net worth valuation 2019 after appearing on Shark Tank  $3.57 million
Net worth valuation 2019 before appearing on Shark Tank  $14.3 million

Spare Pitch on Shark Tank

Company nameSpare
ProductFinancial App
EpisodeSeason 10 Episode 20
Founder D’ontra Hughes
Asked for$500,000 for 3.5% equity
Final deal$500,000 for 12% equity and 2% advisory shares
Shark Mark Cuban 
LocationWest Hollywood, California, United States

Spare Founder

Spare was founded by D’ontra Hughes in 2013. D’ontra Hughes is an expert with 15 years of experience in the financial sector. He is also the founder of Lendup financial company. Spare’s founder, D’ontra Hughes, has a net worth of $19 million USD as of 2023.

Key accomplishments

2019Appeared on Shark Tank season 10 and Mark Cuban invested $500,000 for 12% equity and 2% advisory shares
2021Raised $10 million in Series A funding led by Accel
2022Launched their mobile app on google app store.


From their beginnings on Shark Tank to their current status as a thriving business, they have proven that with the right idea and execution, anything is possible. We can’t wait to see the future for Spare and its continued success.

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