What is Faircent?
Founded in 2013 and headquartered in Chakkarpur, India, Faircent operates as a virtual marketplace connecting borrowers and lenders directly, bypassing traditional financial intermediaries like banks. This peer-to-peer lending platform aims to streamline the credit process, offering a more accessible and efficient alternative for financial transactions. The company's focus on innovation in the fintech space has positioned it as a key disruptor in the Indian financial services industry.
How much funding has Faircent raised?
Faircent has raised a total of $11.9M across 4 funding rounds:
Angel/Seed
$4M
Series A
$2.5M
Unspecified
$1.5M
Series B
$3.9M
Angel/Seed (2015): $4M, investors not publicly disclosed
Series A (2016): $2.5M led by Aarin Asset Advisors, LLP and JM Financial Ltd
Unspecified (2016): $1.5M supported by Brand Capital
Series B (2017): $3.9M featuring 3one4 Capital, MUTHOOT FINCORP, Aarin Capital, JM Financial, and Incofin Investment Management
Key Investors in Faircent
Brand Capital
Brand Capital is the strategic investment arm of The Times Of India Group, dedicated to fueling entrepreneurship through innovative branding solutions and unique investment models. Targeting established businesses and early-stage entrepreneurs, it offers intellectual capital to help develop brand strategies and media outreach.
Aarin Asset Advisors, LLP
Aarin Capital is a proprietary venture fund that invests in technology-intensive businesses across life-sciences, healthcare, education, and other significant India-centric market opportunities. The firm focuses on partnering with passionate founders to build sustainable and profitable companies from inception.
3one4 Capital
3one4 Capital is a venture capital firm focused on supporting early-stage, mission-oriented companies in India that aim for inclusive value creation and sustainable growth. The firm employs a deep-involvement model to help founders navigate market leadership by leveraging consumer insights and growth opportunities.
What's next for Faircent?
With substantial backing and a clear strategic investment, Faircent is poised for accelerated growth and expansion. The company is likely to leverage this capital to enhance its technological infrastructure, broaden its service offerings, and potentially scale its operations to reach a wider customer base. Future developments may include further product innovation, strategic partnerships, and an increased focus on regulatory compliance and market penetration within the burgeoning Indian fintech ecosystem.
See full Faircent company page
