Fairbanc
AI-powered working capital for emerging market small businesses
Singapore, United States · Founded 2019 · $20.1M raised
- Headquarters
- Singapore
- Employees
- 11–50
- Founded
- 2019
- Business Model
- B2C
- Website
- fairbanc.app
- Total Funding
- $20.1M
- Last Round
- $13.3M Corporate RoundMar 2024
- Rounds
- 4
About
Fairbanc is an AI-powered B2B embedded finance platform providing working capital credit and buy-now-pay-later solutions to micro and small merchants in emerging markets, primarily Indonesia. The platform integrates with major consumer brands like Unilever, Nestle, and Coca-Cola, enabling small retailers to purchase inventory on credit without collateral, smartphones, or credit history by leveraging transaction data from brand ERP systems. Founded in 2019 by Wharton graduate Mir Haque and piloted in Bangladesh before expanding to Indonesia, Fairbanc has onboarded hundreds of thousands of merchants and operates with very low default rates through a supply-stop repayment model.
Summary
Fairbanc is a Lending company based in Singapore, United States, founded in 2019. It has raised $20.1M in total across 4 rounds, most recently a $13.3M Corporate Round round in Mar 2024. Investors include Vertex Ventures Southeast Asia & India, 500 Global and Asian Development Bank.
Tech & App Stack
3 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding History
Sign up to view the funding chart
Create a free account with 25 free credits every month, no card needed, to unlock funding history, valuations, and tech stacks.
Mar 2024
Sign up to see all 4 rounds
Venture Round through Corporate Round — per-round amounts, valuations, and who invested in each round.
Investors
Similar Companies
Affirm is a next-generation consumer finance company providing shoppers with instant point-of-sal...
%201%201.png)
Cross River provides full-stack technology infrastructure to help businesses to deliver core fint...
Avant is a technology-driven online lending platform with a mission to lower the barriers and cos...
Developer of a financial platform designed to create disruptive and meaningful products in retail...
Indian digital lending platform providing instant personal loans through mobile app.
China-based online P2P lending marketplace offering financial services to individuals and small b...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/fairbanc"><img src="https://indexed.vc/api/badge/company/fairbanc" alt="Fairbanc on Indexed.vc" width="260" height="76" /></a>