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 innovative approach aims to streamline the lending process and offer more accessible financial solutions. The company's focus on a digital-first model positions it within the rapidly expanding fintech industry in India, catering to both individual and enterprise-level financial needs.
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 JM Financial, MUTHOOT FINCORP, Incofin Investment Management, 3one4 Capital, and Aarin Capital
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.
JM Financial
Founded in 1973 and headquartered in Mumbai, India, JM Financial provides investment and lending services to consumers and businesses. Some of the services they offer include mortgage lending, asset management, lines of credit, real estate consulting, and more.
What's next for Faircent?
With its recent major strategic investment and a substantial total funding amount of $11.9M, Faircent is well-positioned for its next phase of expansion. The company's trajectory suggests a focus on scaling its operations, enhancing its technological infrastructure, and potentially broadening its service offerings within the peer-to-peer lending and broader fintech ecosystem. Future strategic moves will likely involve leveraging this capital to solidify its market leadership and explore new avenues for growth in the dynamic Indian financial market.
See full Faircent company page
