Fairbanc is an AI-powered mobile loan and payments platform focused on serving small and medium enterprises (SMEs) in emerging markets. The company's innovative approach requires no collateral or credit history, instead utilizing AI to analyze digital footprints such as transaction histories with large suppliers and mobile data. Fairbanc offers integrated terms of payment solutions that can be implemented without smartphones, KYC processes, or traditional loan applications.
The platform aims to drive growth for businesses by providing free liquidity and revolving funds that adjust to evolving needs. Fairbanc's solution has reportedly helped increase sales growth for distributors in its target markets. By leveraging data-driven insights, the company strives to enable excellence and foster financial inclusion for underserved SMEs in developing economies.
Fairbanc - Classification
Also Known As
Fairbanc, Inc.
NAICS
520000Finance and Insurance
SIC
6200Security And Commodity Brokers, Dealers, Exchanges, And Services
6280Services Allied With The Exchange Of Securities Or Commodities
6282Investment Advice
Show 14 more industry codes
NAICS
513200Software Publishers
510000Information
513000Publishing Industries
522000Credit Intermediation and Related Activities
522300Activities Related to Credit Intermediation
513210Software Publishers
522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
Fairbanc
Operating Status: Operating
Fairbanc: An AI-powered, scalable mobile loan platform for SMEs in emerging markets, requiring no collateral.
6000
Depository Institutions
7300Business Services
8700Engineering, Accounting, Research, Management, And Related Services
7370Computer Programming, Data Processing, And Other Computer Related
