How much funding has Fairbanc raised?

Fairbanc has raised $20.1M in total funding, most recently a Corporate Round.

Who are Fairbanc's investors?

Fairbanc's investors include Vertex Ventures Southeast Asia & India, 500 Global, Asian Development Bank, Lippo Group, Accion, Michael Sampoerna.

Where is Fairbanc headquartered?

Fairbanc is headquartered in Singapore, United States.

Fairbanc

AI-powered working capital for emerging market small businesses

Singapore, United States · Founded 2019 · $20.1M raised

Lending

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.