About Fairo
Fairo is a company based in Vienna (Austria) founded in 2020.. Fairo has raised $1.99 million across 1 funding round from investors including Raiffeisen Bank International. Fairo offers products and services including Business Banking. Fairo operates in a competitive market with competitors including TaxAct, TaxDown, Exactera, TaxScouts and Drake Software, among others.
- Headquarter Vienna, Austria
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Sectors
Technology
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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 Raiffeisen Bank International Ag
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.99 M (USD)
in 1 rounds
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Latest Funding Round
$1.99 M (USD), Seed
Aug 25, 2022
- Investors
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Employee Count
Employee Count
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Products & Services of Fairo
Fairo offers a comprehensive portfolio of products and services, including Business Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides banking solutions for corporate clients in Central and Eastern Europe
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Funding Insights of Fairo
Fairo has successfully raised a total of $1.99M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.99 million completed in August 2022. 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 Total Funding
- Total Rounds 1
- Last Round Seed — $2.0M
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First Round
First Round
(25 Aug 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2022 | Amount | Seed - Fairo | Valuation | Raiffeisen Bank International |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fairo
Fairo has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Raiffeisen Bank International. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking operations are conducted across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Fairo
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fairo
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fairo Comparisons
Competitors of Fairo
Fairo 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 TaxAct, TaxDown, Exactera, TaxScouts and Drake Software, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Tax filing software is offered for individuals and businesses.
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| domain | founded_year | HQ Location |
Cloud and app-based tax management solutions for individuals and businesses
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| domain | founded_year | HQ Location |
Tax compliance software solutions are provided for business operations.
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| domain | founded_year | HQ Location |
Tax planning is delivered via chatbots and human advisors.
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| domain | founded_year | HQ Location |
Professional tax preparation software is developed for tax professionals.
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| domain | founded_year | HQ Location |
Cloud-based sales tax compliance solution that automates tax calculation and filing for software-as-a-service companies, enabling them to focus on growth while ensuring compliance with global tax regulations
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fairo
Frequently Asked Questions about Fairo
When was Fairo founded?
Fairo was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Fairo located?
Fairo is headquartered in Vienna, Austria.
Who is the current CEO of Fairo?
Igor Prerovsky is the current CEO of Fairo.
Is Fairo a funded company?
Fairo is a funded company, having raised a total of $1.99M across 1 funding round to date. The company's 1st funding round was a Seed of $1.99M, raised on Aug 25, 2022.
What does Fairo do?
Fairo was founded in 2020 in Vienna, Austria, within the fintech sector. Accounting and tax reporting services are provided through a software platform, including automated data collection, tax calculations, profit tracking, and bank account integration. Invoice creation and management features are also offered. The platforms mobile app is accessible on Android and iOS devices for users.
What products or services does Fairo offer?
Fairo offers Business Banking.
Who are Fairo's investors?
Fairo has 1 investor. Key investors include Raiffeisen Bank International.