Sparta is a holding company that operates four distinct business segments through its subsidiaries. The company functions as a micro-cap operator in niche markets. Through its municipal leasing program, Sparta provides financing for equipment like police motorcycles and fire trucks to local government agencies and nonprofits. Sparta acts as an intermediary, passing these transactions through a partner bank rather than holding loans on its balance sheet. Sparta is a preferred financing source for BMW Motorrad USA. Its iMobile Solutions subsidiary sells specialty vehicle history reports for motorcycles, RVs, and heavy-duty trucks under brands like Cyclechex and Truckchex. These reports use data from government and industry databases for global consumers and dealers. iMobile Solutions also provides technology services to small businesses, including mobile application development, website design, and search engine optimization. These services generate subscription and project-based revenue. In the fintech sector, Sparta’s Agoge subsidiary provides short-term trade finance and blockchain-based payment solutions for U.S.-Brazil trade. Finally, Sparta’s New World Health Brands sells nutritional supplements directly to consumers through its website and online marketplaces like Amazon and Walmart.
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