About Faircent
Faircent is a company based in Gurugram (India) founded in 2013 by Sunil Kakkar, Rajat Gandhi, Vinay Mathews, and Juhee Gandhi. Faircent has raised $11.12 million across 7 funding rounds from investors including Muthoot Finance, Gunosy and 3one4 Capital. The company has 181 employees as of April 06, 2024. Faircent operates in a competitive market with competitors including Kissht, Branch, Money View, mPokket and Olyv, among others.
- Headquarter Gurugram, India
- Employees 181 as on 06 Apr, 2024
- Founders Sunil Kakkar, Rajat Gandhi, Vinay Mathews, Juhee Gandhi
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Fairassets Technologies India Private Limited
- Date of Incorporation 28 Mar, 2013
- Jurisdiction Badshahpur, Haryana, India
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Annual Revenue
$5.02 M (USD)73.59as on Mar 31, 2023
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Net Profit
-$61.85 K (USD)82.56as on Mar 31, 2023
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EBITDA
$279.28 K (USD)261.7as on Mar 31, 2023
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Total Equity Funding
$11.12 M (USD)
in 7 rounds
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Latest Funding Round
$2.79 M (USD), Series C
Aug 13, 2019
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Investors
Muthoot Finance
& 30 more
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Employee Count
181
as on Apr 06, 2024
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People of Faircent
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Funding Insights of Faircent
Faircent has successfully raised a total of $11.12M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $2.79 million completed in August 2019. 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.
Investors in Faircent
Faircent has secured backing from 31 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Muthoot Finance, Gunosy and 3one4 Capital.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are targeted through private equity investments.
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Venture capital fund focused on fintech and multiple sectors
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Venture capital firm focused on early-stage investments
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Investor details for Faircent
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Investments & Acquisitions by Faircent
Investment portfolio details for Faircent
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Financial Statements - Faircent
Detailed financials for Faircent
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Faircent Comparisons
Peer comparison for Faircent
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Competitors of Faircent
Faircent operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Kissht, Branch, Money View, mPokket and Olyv, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Personal, business, and property loans are provided by Kissht.
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Branch is focused on providing faster workforce payment solutions.
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Loans, credit cards, gold investments, insurance, and UPI are provided.
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Provider of a digital lending platform offering instant personal loans to underserved youth, providing financial solutions through a mobile app
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Personal loans and savings options are provided for users.
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Detailed competitors of Faircent
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Latest news on Faircent
Complete news archive for Faircent
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Frequently Asked Questions about Faircent
Faircent was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Faircent is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Rajat Gandhi is the current CEO of Faircent. They have also founded this company.
Faircent is a funded company, having raised a total of $11.12M across 7 funding rounds to date.
As of Apr 06, 2024, the latest employee count at Faircent is 181.
Annual revenue of Faircent is $5.02M as on Mar 31, 2023.
Faircent was founded in 2013 in Gurugram, India, within the fintech sector. A peer-to-peer lending platform is operated to link lenders with borrowers for personal and business loans. Investment diversification tools are offered to lenders, while borrowers apply based on loan purpose and location. Resources including calculators, knowledge centers, and loan performance data are made available to users.
Faircent's top competitors include Money View, Kissht and mPokket.
Faircent has 31 investors. Key investors include Muthoot Finance, Gunosy, 3one4 Capital, Muthoot Fincorp, and Incofin Investment Management.
The valuation of Faircent is $27.67M as of Aug 2019.