What is Faircent?
Founded in 2013 and headquartered in Chakkarpur, India, Faircent operates as a sophisticated virtual marketplace that facilitates direct interaction between borrowers and lenders. By bypassing traditional financial intermediaries such as commercial banks, the platform optimizes the lending process, offering a more efficient and transparent alternative for credit seekers and yield-seeking investors alike. This peer-to-peer model positions Faircent at the intersection of financial inclusion and technological innovation, effectively democratizing access to credit in a market historically dominated by legacy institutions.
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, 3one4 Capital, MUTHOOT FINCORP, Aarin Capital, and Incofin Investment Management
Key Investors in Faircent
JM Financial
Founded in 1973, JM Financial is a diversified financial services group providing investment banking, mortgage lending, and asset management services to a broad spectrum of clients.
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.
Aarin Capital
Aarin Capital is a proprietary venture fund that invests in technology-intensive businesses across life-sciences, healthcare, and education, focusing on building sustainable companies from inception.
What's next for Faircent?
Looking ahead, Faircent is well-positioned to leverage its recent capital influx to deepen its market penetration and refine its proprietary risk-assessment algorithms. As the company transitions into a more mature enterprise-level lifecycle stage, the focus will likely shift toward expanding its product suite and strengthening its regulatory compliance framework. By maintaining its commitment to a decentralized lending ecosystem, Faircent is poised to capture a larger share of the burgeoning Indian digital finance sector, potentially setting new benchmarks for operational efficiency and user-centric financial services in the region.
See full Faircent company page
