About Fairstone
Fairstone is a company based in Montreal (Canada) founded in 1923 was acquired by Duo Bank in February 2020. The company has 971 employees as of December 31, 2024. Fairstone has completed 4 acquisitions, including Banque Laurentienne, EdenPark and Financial Concepts. Fairstone operates in a competitive market with competitors including Mogo, Investec, BMO, Bank of America and Scotiabank, among others.
- Headquarter Montreal, Canada
- Employees 971 as on 31 Dec, 2024
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Sectors
Financial Services
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Email
Locked
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Phone
Locked
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Latest Funding Round
Not available
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Investors
Lloyds Banking Group
& 6 more
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Employee Count
971
as on Dec 31, 2024
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Investments & Acquisitions
Banque Laurentienne
& 3 more
- Acquired by
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People of Fairstone
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Software Development Team
37 people
Leadership Team
25 people
Finance and Accounting
18 people
Sales and Marketing
18 people
Product Management Team
15 people
Senior Team
12 people
Lending Team
10 people
Legal and Compliance
7 people
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Funding Insights of Fairstone
Investors in Fairstone
Fairstone has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Lloyds Banking Group, Alcentra and Varde Partners.
| Investor | Description | Founded Year | Domain | Location |
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Alcentra is engaged in alternative credit management and investment.
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Centerbridge Partners is engaged in alternative investment management.
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Global investment firm focusing on credit and credit-related assets across markets.
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Locked | Locked | Locked |
Investor details for Fairstone
Investor domains, locations, round participation, and complete history require an active premium plan.
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Investments & Acquisitions by Fairstone
Fairstone has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Banque Laurentienne, EdenPark and Financial Concepts.
Investment portfolio details for Fairstone
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Vehicle loans are provided to customers in Canada by EdenPark.
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Locked | Locked | 2008 | Locked | |
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Provider of financial management services
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Locked | Locked | 1995 | Locked | |
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Provider of financial advisory services
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Locked | Locked | 1984 | Locked |
Complete acquisition details for Fairstone
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- Acquired stakes
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- Domains and locations
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Financial Statements - Fairstone
Detailed financials for Fairstone
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- Profit trends
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Fairstone Comparisons
Peer comparison for Fairstone
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Competitors of Fairstone
Fairstone 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 Mogo, Investec, BMO, Bank of America and Scotiabank, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Personal loans and lines of credit are provided by Mogo.
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Global banking, investment, and wealth management services are offered worldwide.
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BMO is recognized as a leading financial services provider in Canada.
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Commercial banking and asset management services are offered worldwide.
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Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided throughout Canada.
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Detailed competitors of Fairstone
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Latest news on Fairstone
Complete news archive for Fairstone
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Frequently Asked Questions about Fairstone
Fairstone was founded in 1923 and raised its 1st funding round 96 years after it was founded.
Fairstone is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Scott Wood is the current CEO of Fairstone.
As of Dec 31, 2024, the latest employee count at Fairstone is 971.
Fairstone was established in 1923 in Montreal, Canada, and operates as a non-banking financial institution in the lending sector. Personal and vehicle loans, along with other credit products, are provided to consumers across Canada. The company is headquartered in Montreal, with nationwide operations managed under the leadership of CEO and President Scott Wood. Focus is placed on diversified financial services for individual borrowers.
Fairstone's top competitors include Mogo, Investec and Canadian Imperial Bank of Commerce.
Fairstone has made 4 acquisitions, including Banque Laurentienne, EdenPark, and Financial Concepts.
Fairstone has 7 investors. Key investors include Lloyds Banking Group, Alcentra, Varde Partners, Ontario Teachers' Pension Plan, and Centerbridge Partners.