Fairbanc Funding & Investors
Fairbanc is a scalable, AI-powered mobile loan and payments platform for emerging market small-medium enterprises (SMEs) that requires no collateral or credit history. The company's AI-powered platform can read digital footprints such as transaction history with large suppliers, and data on the mobile phone to grant instant digital credit line that SMEs can use to purchase inventories from our selected suppliers. Fairbanc's proven gender-intelligent ecosystem for loans and payments can be used in many vertical markets, eliminating the shortcomings of cash. Retail shop-owners can boost sales up to 20%, eliminate cash shortages, enjoy an easier payments regimen, and develop a credit history; suppliers receive more consistent order cycles, more instant payments upon delivery, and SKU sales expansion.
fairbanc.appTotal Amount Raised: $24,875,000
Fairbanc Funding Rounds
Seed
$4,800,000
Seed Investors
Vertex VenturesLippo GroupAsian Development Bank (ADB)Accion Venture LabDebt Financing
$4,000,000
Debt Financing Investors
Sampoerna StrategicSeed
$1,825,000
Seed Investors
ADB VenturesSampoerna StrategicAccion Venture LabEast VenturesThe MBA FundSeed
$750,000
Seed Investors
500 GlobalMichael SampoernaDebt Financing
$6,500,000
Debt Financing Investors
Sampoerna StrategicDebt Financing
$7,000,000
Debt Financing Investors
Lippo Group