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
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
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 in Mar 2024. Investors include Vertex Ventures Southeast Asia & India, 500 Global and Asian Development Bank.
Tech & App Stack
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Funding History
Mar 2024
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Funding: Venture Round through Corporate Round. Amounts, valuations, and investors where available.
Investors
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