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Fairbanc is an AI-powered SME credit and mobile payments platform for emerging market1-10 Employees
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Fairbanc is an AI-powered SME credit and mobile payments platform for emerging market
Our AI platform can instantly underwrite small business working capital credit line on mobile phone using order history data from large suppliers such as Unilever, and Pepsi. Our app then can be used to purchase inventory from those selected suppliers ("closed loop" payment) on credit. The app 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, develop a credit history, and avoid stock-outs; suppliers receive more consistent order cycles, more instant payments upon delivery, and SKU sales expansion. Our platform lenders, the commercial banks, also get to reduce defaults and increase loan volumes.
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Mir Haque
Avatar for Mir Haque
Founder @Fairbanc & @Clear Immigration (clearimmigration.com) Worked at @McKinsey & Co, @Google, @Adobe Systems @Deutsce Bank Studied at @Wharton School
Valuation

$0

Funded over

1 round

Latest round

Series Pre-A (Jul 2022)

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