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 streamlined, technology-driven alternative to conventional credit models. Faircent's core value proposition lies in its ability to leverage data-driven insights to match risk profiles with investor appetites, thereby democratizing access to credit while providing lenders with diversified investment opportunities. As a pioneer in the Indian P2P lending space, the company has effectively positioned itself at the intersection of financial inclusion and digital transformation, catering to a broad spectrum of credit needs that remain underserved 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, MUTHOOT FINCORP, 3one4 Capital, Incofin Investment Management, and Aarin Capital
Key Investors in Faircent
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.
MUTHOOT FINCORP
Muthoot Fincorp was founded in 1887. This company provides retail finance, predominantly in the form of secured and unsecured loans, to the middle and low-income customer. Their headquarters are located in Kerala, India.
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?
Looking ahead, Faircent is poised to leverage its recent capital influx to enhance its proprietary risk-assessment algorithms and expand its product suite. The strategic focus will likely shift toward deepening market penetration and strengthening regulatory compliance, ensuring the platform remains a robust and secure environment for all stakeholders. By prioritizing technological innovation and operational efficiency, Faircent aims to solidify its leadership in the fintech sector, potentially exploring new avenues for credit distribution and cross-platform partnerships. The company's trajectory suggests a continued emphasis on sustainable growth, as it seeks to bridge the gap between retail investors and credit-seeking individuals in an increasingly digitized economy.
See full Faircent company page
