Fairbanc: Funding, Investors & Team (Sep 2026)
Fairbanc is an AI-driven mobile loan and payments platform designed for small to medium businesses in developing markets. The platform does not require collateral or credit history, instead utilizing digital footprints such as transaction history and mobile phone data to provide instant digital credit lines for purchasing inventory from selected suppliers. Fairbanc's innovative system benefits both retailers and suppliers, offering increased sales, improved payment processes, and the opportunity to establish a credit history.
Fairbanc has raised $27.7M across 4 funding rounds on record, the most recent an undisclosed round of $3.1M announced in Dec 2024.
That round is in line with the $3.4M median round size for Commerce and Shopping companies tracked on FundedIQ over the last two years.
Fairbanc Company Profile and Key Stats
Latest funding round on record: Dec 2024.
Fairbanc Funding Rounds
Fairbanc raised $4.8M in a Seed announced in Jul 2022.
2 months later, a Debt Financing of $6.5M was announced in Sep 2022.
1.5 years later, an undisclosed round of $13.3M was announced in Mar 2024.
9 months later, an undisclosed round of $3.1M was announced in Dec 2024.
Fairbanc Founders and Leadership Team
Contact details for the Fairbanc team: 1 of 1 has an email address on file.
Start 14-day free trial →Fairbanc Funding Compared to Other Commerce and Shopping Startups
Fairbanc's latest round of $3.1M is in line with the median round in Commerce and Shopping. Medians cover the last 24 months of disclosed rounds.
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Fairbanc Funding FAQs
What does Fairbanc do?
Fairbanc is an AI-driven mobile loan and payments platform designed for small to medium businesses in developing markets. The platform does not require collateral or credit history, instead utilizing digital footprints such as transaction history and mobile phone data to provide instant digital credit lines for purchasing inventory from selected suppliers. Fairbanc's innovative system benefits both retailers and suppliers, offering increased sales, improved payment processes, and the opportunity to establish a credit history.
How much funding has Fairbanc raised?
Fairbanc has raised $27.7M across 4 rounds on record. The most recent is an undisclosed round of $3.1M announced in Dec 2024.
When did Fairbanc last raise funding?
Fairbanc's most recent funding round on record is an undisclosed round of $3.1M, announced in Dec 2024.
Who founded Fairbanc?
FundedIQ lists Mir Haque (Founder) at Fairbanc.
Where is Fairbanc headquartered?
Fairbanc is based in San Francisco, California, United States.
How many employees does Fairbanc have?
Fairbanc is in the 11-50 employee band.
How does Fairbanc's funding compare to other Commerce and Shopping startups?
Fairbanc's latest round of $3.1M is in line with the $3.4M median round size for Commerce and Shopping companies on FundedIQ across 3,501 tracked companies over the last two years.
About FundedIQ's Fairbanc Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Fairbanc is left off this page rather than filled in.
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