Yes, Spare is still technically in business, though its mobile app has since disappeared from the app stores. The virtual ATM app, which let users withdraw cash from participating merchants instead of a traditional ATM, grew significantly after Shark Tank even though the on-air deal never closed.
What happened on Shark Tank
Founder D’Ontra Hughes reached an on-air agreement with Mark Cuban during the Season 10 pitch, but the deal ultimately fell through afterward.
What the company looks like now
Despite the deal falling apart, Spare scaled to 32 states and reached 1.2 million monthly users, growing annual revenue to $4 million as of June 2023. The company maintains an online presence, but the mobile app itself is currently missing from both the Apple App Store and Google Play, an unusual gap for a business that describes itself as still active.
Frequently asked questions
Did Spare’s Shark Tank deal with Mark Cuban close?
No, the on-air agreement fell through after the show.
How many users did Spare reach?
1.2 million monthly users across 32 states, with $4 million in annual revenue as of June 2023.
Can you still download the Spare app?
Not currently. It’s missing from both the Apple App Store and Google Play as of the most recent checks.
For more Shark Tank updates, see Talmyn’s Business Case Studies desk.
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