Spare8 Expands Cross-Border With QXA; $10–15M Asset-Backed Raise Underway

February 17th, 2026

Spare8 and Thailand’s Quantum X Aurum Group Sign MoU to Build Cross-Border Gold Platform; Prepare for $10–$15 Million Asset-Backed Raise

Mumbai, India —

Spare8 Platforms Private Limited (“Spare8”) today announced it has signed a Memorandum of Understanding (MoU) with Quantum X Aurum Group (“QXA”) to build a cross-border gold financial platform connecting Asia and the Middle East.

The partnership combines QXA’s access to gold sourcing and minting networks with Spare8’s large customer base, jeweller partnerships, and digital gold operations in India.

The companies are setting up operating anchors across India, Thailand, and Dubai — three of the most important corridors in the global gold trade.

What is being built

The venture is creating a full system that connects:

Where gold comes from → how it is processed → how people use it financially.

The goal is simple:
make gold easier to own, use, finance, and scale across borders.

Key components

• Mining & Minting Access – Coordinated supply from production to market.
• Gold Mining Devices – Programs that connect customers to structured gold output.
• Visa Gold-Backed Credit Card – Ability to spend against gold value through global payment systems.
• Global Gold Leasing – Making gold productive through jeweller utilization.
• Structured Revenue Streams – Income across issuance, custody, transactions, and spreads.

All programs will operate with physical gold backing aligned to international standards.

Why Spare8 is central

Spare8 provides immediate reach into India, including:

• 1.6 million users
• digital onboarding and payments
• jeweller redemption networks
• a live gold leasing platform

This makes India the natural demand and distribution engine of the partnership.

Capital strategy

To accelerate expansion, the companies plan an asset-backed raise of USD $10–15 million, with the ability to scale the program as institutional participation grows.

The approach allows growth to be supported by real assets while preparing the business for larger pools of global capital.

Ronit Harisingani, Co-Founder & CEO of Spare8, said:

“Gold is one of the world’s most trusted assets. What has been missing is modern infrastructure that connects supply, ownership, and everyday financial use. This partnership brings those pieces together at scale.”

Long-term vision

The venture is being built as an international platform from day one.

As it grows, the structure is expected to align with global institutional standards and position the company for access to major capital markets over time.

For Media enquiries - Christon@spare8.com