What is Fairbanc?
Fairbanc is a fintech company dedicated to bridging the severe SME credit gap in emerging markets, with an initial focus on South Asia. The company operates a mobile-first B2B lending and payments ecosystem, distinguished by its gender-intelligent underwriting platform designed to mitigate socio-cultural gender biases inherent in traditional lending practices. Fairbanc's overarching vision is to foster responsible financial inclusion by delivering innovative credit and transaction services powered by best-in-class technology. A portion of its profits is pledged to the Fairbanc Foundation to support financial literacy, entrepreneurship, women MSME training, and scholarships.
How much funding has Fairbanc raised?
Fairbanc has raised a total of $21.1M across 3 funding rounds:
Angel/Seed
$4.8M
Debt
$13.3M
Debt
$3M
Angel/Seed (2022): $4.8M with participation from Accion Venture Lab, Lippo Group, Asian Development Bank, and Vertex Ventures
Debt (2024): $13.3M led by Pegadaian
Debt (2024): $3M supported by PT Bahana Artha Ventura
Key Investors in Fairbanc
Pegadaian
PT. Pegadaian provides optimal benefits and profits for all stakeholders by developing its core business. Expanding the reach of MSME services through Ultra Micro synergy to enhance the value proposition to customers and stakeholders.
Lippo Group
Lippo Group is one of Asia's largest and most diversified conglomerates, serving as Indonesia's largest services group with a significant presence across various sectors including real estate, retail, hospitality, healthcare, education, media, telecommunications, digital technologies, and financial services.
Asian Development Bank
Adb2020 helps manage and coordinate the annual conference for the Asian Development Bank. They work closely with international teams to plan, organize, and support the important yearly gathering that brings together financial experts and policymakers from across Asia.
What's next for Fairbanc?
The recent major strategic investment signifies a pivotal moment for Fairbanc, likely enabling the company to accelerate its expansion across South Asia and potentially into new emerging markets. This capital infusion is expected to bolster its technological infrastructure, enhance its gender-intelligent underwriting capabilities, and scale its B2B lending and payments ecosystem. The company's focus on responsible financial inclusion and its commitment to supporting MSMEs and women entrepreneurs position it for sustained growth and impact in underserved markets.
See full Fairbanc company page
