About Fairbanc
Fairbanc is a Financial Services company based in San Francisco (United States) founded in 2018. Fairbanc has raised $4.8 million across 5 funding rounds from investors including Accion, Vertex Ventures SG and Lippogroup. Fairbanc offers products and services including Financing Platform, Revolving Fund, and Data Intelligence. Its focus areas include FinTech, Alternative Lending, Online Lenders and Business Loans. Its legal entity is PT Fairbanc Technologies Indonesia.
Company details
Provider of AI-enabled marketplace for working capital loans. It reads digital footprints such as transaction history with large suppliers, and data on the mobile phone to grant digital credit lines that SMEs can use to purchase inventories from partner suppliers. Loan amounts and repayments are customized according to the borrower. Merchants can integrate the platform via an API to assign a credit limit. Merchants receive the merchandise and the distributor gets paid. Bank auto-debits the distributor accounts upon collection.
- Headquarters San Francisco, United States
- SectorsFinancial Services
- Website fairbanc.app
- Social LinkedIn Facebook Instagram
- Legal Name Pt Fairbanc Technologies Indonesia
- Total Equity Funding$4.8M (USD)
in 5 rounds
- Latest Funding Round$13.3M (USD), Debt – Conventional
Mar 2024
- InvestorsAccion
& 9 more
Products & Services of Fairbanc
Fairbanc offers a comprehensive portfolio of products and services, including Financing Platform, Revolving Fund, and Data Intelligence.
Provides AI-powered loans and funds for business growth.
Offers adjustable funds to support ongoing business needs.
Analyzes data to minimize risks and enhance transactions.
Funding Insights of Fairbanc
Fairbanc has successfully raised a total of $4.8M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $13.3 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $4.8M
- Total Rounds 5
- Last Round Debt – Conventional — $13.3M
- Investors Count 10
All 5 funding rounds of Fairbanc with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2024 | $13.3M | Debt – Conventional | – | – | |
| Jul 2022 | $4.8M | Seed | – | Vertex Ventures | |
| Jun 2021 | Seed | – | – | ||
| Dec 2020 | Seed | – | Microlumbia | – | |
| Apr 2020 | Seed | – | 500 Global |
10 investors in total: 9 institutional and 1 angel.
Investors in Fairbanc
Fairbanc has secured backing from 10 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Accion, Vertex Ventures SG and Lippogroup.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund focused on multiple sectors | 1997 | vertexventures.sg | Singapore, Singapore | |
VC & startup accelerator backed by ADB Bank | adbventures.org | Metro Manila, Philippines | ||
Venture capital firm investing in Southeast Asian startups and publishing reports on technology and sustainability. | east.vc | |||
| sampoernastrategic.com | ||||
Venture capital and acceleration are provided to tech startups. | 500.co | Ho Chi Minh City, Vietnam | ||
Diversified operations are conducted across multiple industries globally. | 1950 | lippogroup.com | Indonesia | |
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | ||
Invests philanthropic capital in social enterprises and provides impact investing education. | microlumbia.org | |||
MS Michael Sampoerna | Indonesian investor, active in Indian startups, focus on tech and consumer sectors | unknown_89ff0a920e394bc8a | ||
Provides diversified lending services as a non-banking financial institution. | 1746 | pegadaian.co.id | Jakarta, Indonesia |
Investor details for Fairbanc
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Fairbanc
10 people are tracked at Fairbanc (4 in leadership, 6 in team).
| Name | Role | Group |
|---|---|---|
Iqbal Muslim | Chief of Sales | Leadership |
Mir Haque | Founder | Leadership |
Yosep Sudarso A.A S.Mn, AAK, AAAIJ, ICLU,ICCA,ICLFP,ICCSO | Operation & Business Development Head | Leadership |
Rahmat Azizil Hakim | VP Sales | Leadership |
Tenly Sulistyo | Software Engineer | Team |
Anil Saluja | Product Analyst | Team |
Arum Seto Palupi | Senior Product Manager | Team |
Leo Agung Prabowo | Data Engineer | Team |
Faldi Kusumah | Operations Manager | Team |
Rizky Novianto Pratama | Data Lead | Team |
Complete people profiles for Fairbanc
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Fairbanc
3 dated milestones of Fairbanc across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Fairbanc is founded.
- Funding First funding round.
- Funding Latest funding round, Debt – Conventional, of $13.3M.
Web traffic of Fairbanc
The website of Fairbanc (fairbanc.app) receives about 6.4K visits a month.
- Monthly visits6.4K
▼ 45.2% vs previous month
Top companies in Alternative Lending
3 companies that operate in the same segment as Fairbanc (Alternative Lending) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Diversified loans are provided via an AI-enabled online marketplace. | 2012 | Palo Alto, California, United States | USD 128.65 M | USD 1.04 B | 1,190 | |
Various consumer loans and financial services are offered online. | 2011 | San Francisco, California, United States | USD 3.04 B | USD 4.77 B | 6,843 | |
Credit score checking and comparison platform for financial products | 2007 | San Francisco, California, United States | USD 869.77 M | 1,487 |
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Frequently Asked Questions about Fairbanc
Fairbanc was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Fairbanc is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Fairbanc is a funded company, having raised a total of $4.8M across 5 funding rounds to date.
Provider of AI-enabled marketplace for working capital loans. It reads digital footprints such as transaction history with large suppliers, and data on the mobile phone to grant digital credit lines that SMEs can use to purchase inventories from partner suppliers. Loan amounts and repayments are customized according to the borrower. Merchants can integrate the platform via an API to assign a credit limit. Merchants receive the merchandise and the distributor gets paid. Bank auto-debits the distributor accounts upon collection.
Fairbanc offers Financing Platform, Revolving Fund, and Data Intelligence.
Fairbanc has 10 investors. Key investors include Accion, Vertex Ventures SG, Lippogroup, Pegadaian, and ADB Ventures.
Fairbanc operates through Pt Fairbanc Technologies Indonesia.