Expanding Business Operations in Egypt For Spare
Spare used Ovarc to expand into Egypt — recruiting product managers and full-stack developers, managing payroll with currency conversions, and completing full onboarding within a single month.
Dalal Alrayes
CEO & Co-Founder · Spare
The Challenge
Dalal Alrayes, CEO & Co-Founder of Spare — a regulated open banking provider headquartered in Kuwait and Saudi Arabia — faced significant obstacles when attempting to expand operations into Egypt. Spare needed to recruit product managers and full-stack developers with strong technical capabilities for managing API-based products, while simultaneously navigating complex local labor laws, establishing benefits programs, securing office space, and managing multi-currency payroll.
Alrayes noted: "The smallest task on the list of expanding into a new country is too time-consuming for me and my team. It's not our area of expertise, and we cannot afford to spare the time or effort."
The Solution
Recruitment & Hiring
Through sister company Profilio, Ovarc identified qualified candidates matching Spare's technical requirements. The entire recruitment-to-onboarding cycle was completed within one month — with onboarding finished in a single day.
Payroll Management
Ovarc automated payroll processing including multi-currency conversions (KWD/USD to EGP), monthly payment processing, and provided self-service portals for both employers and employees to access payment dashboards and payslips.
Office & Logistics
The Ovarc team identified and secured appropriate working space for the Egyptian team, handling all logistics so Spare could focus on building their product.
Benefits Program
A tailored benefits program was developed for Egyptian employees, ensuring competitiveness in the local talent market while maintaining compliance with Egyptian labor law.
The Results
Spare was able to establish a fully operational Egyptian team in under one month — without any representative from Spare's leadership needing to travel to Egypt. The engagement allowed Spare to scale their technical team across borders from the comfort of their existing offices.
"Not having to fly over to set up our business operations in another country, growing our team across the borders from the comfort of my own office is next level. I'd absolutely recommend Ovarc's services."
Dalal Alrayes
CEO & Co-Founder @ Spare