Fairbanc is a scalable, AI-powered mobile loan and payments platform for emerging market small-medium enterprises (SMEs) that requires no collateral or credit history.
The company's AI-powered platform can read digital footprints such as transaction history with large suppliers, and data on the mobile phone to grant instant digital credit line that SMEs can use to purchase inventories from our selected suppliers. Fairbanc's proven gender-intelligent ecosystem for loans and payments can be used in many vertical markets, eliminating the shortcomings of cash. Retail shop-owners can boost sales up to 20%, eliminate cash shortages, enjoy an easier payments regimen, and develop a credit history; suppliers receive more consistent order cycles, more instant payments upon delivery, and SKU sales expansion.
Fisdom is an automated investment service provider that offers a personalized online investment platform designed to assist users in making informed financial decisions. Founded in 2015 and headquartered in Bangalore, Karnataka, India, the company enables users to track their investments in real-time and provides daily updates, enhancing fund management and financial planning. Fisdom's services include personalized investment recommendations and portfolio management, which empower users to manage their personal finances effectively through a mobile-friendly interface. The company plans to generate revenue by charging commissions from financial services companies and mutual funds.
Private Equity Round in 2021
Annapurna Finance Private Limited is a non-banking financial company based in Bhubaneswar, India, that specializes in providing microfinance services primarily to women and low-income households in rural and semi-urban areas. The company focuses on income generation loans for self-help groups and joint liability groups, offering financing for agricultural activities, micro enterprises, and various business needs. Additionally, it provides housing finance for home construction and renovation, as well as loans tailored for individuals with disabilities and the financially excluded. Annapurna Finance also supports initiatives for safe water and sanitation, dairy development, and solar energy, while offering credit-linked insurance to its clients. Originally founded as Annapurna Microfinance in 2009, the company changed its name in 2018 to reflect its broader mission of facilitating economic empowerment and integrating underserved populations into the formal financial system.
Fairbanc is a scalable, AI-powered mobile loan and payments platform for emerging market small-medium enterprises (SMEs) that requires no collateral or credit history.
The company's AI-powered platform can read digital footprints such as transaction history with large suppliers, and data on the mobile phone to grant instant digital credit line that SMEs can use to purchase inventories from our selected suppliers. Fairbanc's proven gender-intelligent ecosystem for loans and payments can be used in many vertical markets, eliminating the shortcomings of cash. Retail shop-owners can boost sales up to 20%, eliminate cash shortages, enjoy an easier payments regimen, and develop a credit history; suppliers receive more consistent order cycles, more instant payments upon delivery, and SKU sales expansion.
NOW Money is a financial technology company that focuses on providing mobile banking solutions to the unbanked population in the Middle East, particularly targeting low-income migrant workers. The company offers a user-friendly application that enables users to access banking services, including accounts and low-cost remittance options. By leveraging mobile technology, NOW Money aims to enhance financial inclusion for individuals who are often excluded from traditional banking systems. This service not only facilitates international money transfers and currency conversion at reduced costs but also helps users achieve significant savings on remittances. Through its innovative approach, NOW Money strives to empower its users with full access to essential financial services.
CreditMantri Finserv Private Limited provides individuals with credit score analysis and credit improvement program. It engages in educating consumers about their credit history, as well as leverages the same to improve/enhance their chances for becoming loan/credit card eligible. The company also provides individuals with a plan to improve their credit score and works with them for improving their loan/credit card eligibility. In addition, it helps individuals obtain their CIBIL report and provide them with a credit scan; and conducts analysis and provides them with a credit health report. Further, the company provides services for individuals to find loans/credit cards, improve credit score and history, and reduce their EMI costs. CreditMantri Finserv Private Limited was founded in 2012 and is based in Chennai, India.
SmartCoin Financials Private Limited operates a mobile app-based lending platform that specializes in providing unsecured loans to individuals outside the salaried class. Established in 2015 and based in Bengaluru, India, SmartCoin utilizes data science and machine learning algorithms to evaluate the risk profiles of potential borrowers in real time. The platform allows users to register, upload necessary documents, and select from various loan options. By leveraging a proprietary credit underwriting engine, it aggregates numerous data points from a customer's smartphone to create a tailored credit score. This technology enables SmartCoin to offer personalized loan products instantly, with funds transferred directly to the borrower’s bank account.
Prayaan Capital Pvt Ltd, established in 2018 and based in Chennai, India, specializes in providing financial services tailored for micro, small, and medium enterprises. The company offers a range of credit facilities, including secured and unsecured loans, specifically designed to support small businesses, traders, and small manufacturing units. In addition to lending, Prayaan Capital provides mobile-based solutions, insurance products, and advisory services that cover business opportunities, government schemes, and research materials. Their platform also includes business enhancement tools and banking products, along with resources to help clients monitor their financial health. Through these services, Prayaan Capital aims to empower entrepreneurs to build and grow their businesses effectively.
Joust, Inc., based in Austin, Texas, offers a comprehensive suite of banking and payment solutions tailored for freelancers and entrepreneurs. Founded in 2017, Joust provides services through its proprietary PayArmour tool, which safeguards invoice payments and helps resolve late or non-payment issues experienced by independent workers. The company operates as a subsidiary of ZenBusiness, Inc. and utilizes a chartered, FDIC-insured community bank to deliver merchant services and business banking. In addition to payment protection, Joust's offerings include business incorporation, invoicing, real-time payment processing, invoice insurance, and account analytics. Through its innovative technology and banking partnerships, Joust addresses the financial challenges faced by self-employed individuals.
Flex Finance offers a mobile platform designed for small and medium-sized enterprises (SMEs) to manage and track their expenses effectively. The platform features an intuitive user interface, allowing users with little to no financial knowledge to navigate it easily. Through built-in artificial intelligence, Flex Finance provides valuable insights that help business owners reduce waste, save money, and make informed spending decisions. The company aims to support SMEs in overcoming common challenges, particularly in their formative years, thereby contributing to job creation and economic stability in Nigeria. By digitizing daily operations, including budgeting, expense tracking, and facilitating bulk payment transfers, Flex Finance empowers businesses to streamline their financial management processes.
Self Financial is a venture-backed fintech startup that helps customers build credit and save money. It provides tools necessary for building on-time payment history and responsible use of credit, in collaboration with issuing banks.s services are for those who are new to credit or who might not have access to traditional financial products. It offers Self Credit Builder Account to help consumers build both credit and savings without relying on credit history and Self Visa Credit Card, a card that helps existing customers build their security deposit in instalments. Self Financial is formerly known as Self Lender. The startup was founded by Conor Swanson and James Garvey in 2015 and is based in Austin, Texas.
Self Financial is a venture-backed fintech startup that helps customers build credit and save money. It provides tools necessary for building on-time payment history and responsible use of credit, in collaboration with issuing banks.s services are for those who are new to credit or who might not have access to traditional financial products. It offers Self Credit Builder Account to help consumers build both credit and savings without relying on credit history and Self Visa Credit Card, a card that helps existing customers build their security deposit in instalments. Self Financial is formerly known as Self Lender. The startup was founded by Conor Swanson and James Garvey in 2015 and is based in Austin, Texas.
Tez Financial Services Limited provides digital non-banking micro financing services. The company develops an application through which it aggregates credit, savings, insurance, and investments into a single platform. Its products include Tez advance which provides nano credit services; Tez Bima which distributes insurance; and Tez Sarmaya which caters to the medium-to-long term investment needs. The company was incorporated in 2018 and is based in Karachi, Pakistan.
Lend Street Financial, Inc. specializes in consumer lending solutions aimed at individuals facing financial difficulties. The company assists clients in refinancing existing debt and offers negotiation services with creditors to secure discounts on their debts. This enables customers to reduce their overall financial burden while working towards rebuilding their credit. Founded in 2010 and headquartered in Oakland, California, Lend Street serves various states, including Arizona, California, Florida, and Texas, among others. By establishing partnerships within the financial sector, the company is able to provide valuable support to those seeking to regain control of their financial lives.
SmartCoin Financials Private Limited operates a mobile app-based lending platform that specializes in providing unsecured loans to individuals outside the salaried class. Established in 2015 and based in Bengaluru, India, SmartCoin utilizes data science and machine learning algorithms to evaluate the risk profiles of potential borrowers in real time. The platform allows users to register, upload necessary documents, and select from various loan options. By leveraging a proprietary credit underwriting engine, it aggregates numerous data points from a customer's smartphone to create a tailored credit score. This technology enables SmartCoin to offer personalized loan products instantly, with funds transferred directly to the borrower’s bank account.
Self Financial is a venture-backed fintech startup that helps customers build credit and save money. It provides tools necessary for building on-time payment history and responsible use of credit, in collaboration with issuing banks.s services are for those who are new to credit or who might not have access to traditional financial products. It offers Self Credit Builder Account to help consumers build both credit and savings without relying on credit history and Self Visa Credit Card, a card that helps existing customers build their security deposit in instalments. Self Financial is formerly known as Self Lender. The startup was founded by Conor Swanson and James Garvey in 2015 and is based in Austin, Texas.
Self Financial is a venture-backed fintech startup that helps customers build credit and save money. It provides tools necessary for building on-time payment history and responsible use of credit, in collaboration with issuing banks.s services are for those who are new to credit or who might not have access to traditional financial products. It offers Self Credit Builder Account to help consumers build both credit and savings without relying on credit history and Self Visa Credit Card, a card that helps existing customers build their security deposit in instalments. Self Financial is formerly known as Self Lender. The startup was founded by Conor Swanson and James Garvey in 2015 and is based in Austin, Texas.
First Circle is a financial services company based in Taguig, Philippines, focused on providing lending solutions to small and medium enterprises (SMEs) across Southeast Asia. Founded in 2015, it offers a range of services, including consumer lending, mortgages, and asset-based lending, with a particular emphasis on short-term loans and trade financing. The company's innovative online platform allows SMEs to access collateral-free working capital, enhancing their growth potential. First Circle leverages advanced data analytics and offers dedicated support through customer success representatives, fostering a community of business owners and providing valuable resources to help businesses thrive. The company's mission is to empower SMEs by improving their access to funding and enabling them to expand beyond their immediate networks.
NOW Money is a financial technology company that focuses on providing mobile banking solutions to the unbanked population in the Middle East, particularly targeting low-income migrant workers. The company offers a user-friendly application that enables users to access banking services, including accounts and low-cost remittance options. By leveraging mobile technology, NOW Money aims to enhance financial inclusion for individuals who are often excluded from traditional banking systems. This service not only facilitates international money transfers and currency conversion at reduced costs but also helps users achieve significant savings on remittances. Through its innovative approach, NOW Money strives to empower its users with full access to essential financial services.
CreditMantri Finserv Private Limited provides individuals with credit score analysis and credit improvement program. It engages in educating consumers about their credit history, as well as leverages the same to improve/enhance their chances for becoming loan/credit card eligible. The company also provides individuals with a plan to improve their credit score and works with them for improving their loan/credit card eligibility. In addition, it helps individuals obtain their CIBIL report and provide them with a credit scan; and conducts analysis and provides them with a credit health report. Further, the company provides services for individuals to find loans/credit cards, improve credit score and history, and reduce their EMI costs. CreditMantri Finserv Private Limited was founded in 2012 and is based in Chennai, India.
Aye Finance is a finance company that provides business loans to micro and small businesses in Northern India.The company's mission is to provide innovative and customer-centered financial services to micro and small business through effective technology and robust processes. It works with a relevant technology to facilitate better financial inclusion and to consequently serve micro-enterprises.
Aye Finance was founded in 2014 and is headquartered in Gurgaon, Haryana, India.
Aye Finance is a finance company that provides business loans to micro and small businesses in Northern India.The company's mission is to provide innovative and customer-centered financial services to micro and small business through effective technology and robust processes. It works with a relevant technology to facilitate better financial inclusion and to consequently serve micro-enterprises.
Aye Finance was founded in 2014 and is headquartered in Gurgaon, Haryana, India.
CreditMantri Finserv Private Limited provides individuals with credit score analysis and credit improvement program. It engages in educating consumers about their credit history, as well as leverages the same to improve/enhance their chances for becoming loan/credit card eligible. The company also provides individuals with a plan to improve their credit score and works with them for improving their loan/credit card eligibility. In addition, it helps individuals obtain their CIBIL report and provide them with a credit scan; and conducts analysis and provides them with a credit health report. Further, the company provides services for individuals to find loans/credit cards, improve credit score and history, and reduce their EMI costs. CreditMantri Finserv Private Limited was founded in 2012 and is based in Chennai, India.
Lend Street Financial, Inc. specializes in consumer lending solutions aimed at individuals facing financial difficulties. The company assists clients in refinancing existing debt and offers negotiation services with creditors to secure discounts on their debts. This enables customers to reduce their overall financial burden while working towards rebuilding their credit. Founded in 2010 and headquartered in Oakland, California, Lend Street serves various states, including Arizona, California, Florida, and Texas, among others. By establishing partnerships within the financial sector, the company is able to provide valuable support to those seeking to regain control of their financial lives.
Billpocket is a financial technology company that transforms smartphones and tablets into point-of-sale terminals, facilitating card payments without the need for traditional banking infrastructures. Users can accept debit and credit card payments directly through their mobile devices, simplifying the payment process and eliminating high maintenance fees and complex setups associated with conventional systems. Billpocket's platform also offers the option for customers to convert payments into interest-free monthly installments, while the company charges a fixed commission to sellers. This innovative approach enables a seamless transaction experience for both businesses and consumers.
Aye Finance is a finance company that provides business loans to micro and small businesses in Northern India.The company's mission is to provide innovative and customer-centered financial services to micro and small business through effective technology and robust processes. It works with a relevant technology to facilitate better financial inclusion and to consequently serve micro-enterprises.
Aye Finance was founded in 2014 and is headquartered in Gurgaon, Haryana, India.
Konfio is a financial technology company based in Mexico City that focuses on providing online financial solutions for micro entrepreneurs and small to mid-size enterprises. Founded in 2013, Konfio offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and online payment solutions. The company utilizes a proprietary algorithm that combines data and technology to assess creditworthiness, enabling it to extend credit to clients who have been historically underserved by traditional banks. Additionally, Konfio provides business productivity software tools and a loyalty program, all designed to enhance the growth and productivity of its clients. Through its innovative approach, Konfio aims to facilitate economic growth by making financial services more accessible and affordable.
Shubham Housing Development Finance Company Private Limited, established in 2010 and based in Gurugram, India, specializes in providing housing finance solutions tailored for families with informal incomes. The company focuses on offering home loans, home improvement loans, and loans against property to customers who often do not qualify for traditional financing options. Shubham aims to empower urban low-income families by employing an interview-based approach to underwriting, which allows for a better understanding of the customer's unique financial circumstances. This method enables the company to offer customized and affordable credit programs that cater to the specific housing needs of individuals and families in urban and semi-urban areas.
GO Finance Company Limited is a Tanzanian non-bank financial institution based in Dar es Salaam, specializing in providing digital financial solutions to small and medium enterprises (SMEs). The company utilizes its mobile and cloud-based tool, GOBi, to collect transaction data from micro, small, and medium enterprises, which facilitates informed credit decision-making. GO Finance offers a range of financial products, including working capital finance, short to medium-term loans, hire purchase, and insurance solutions, specifically targeting distributors in the value chains of multinational corporations that manufacture fast-moving consumer goods. In addition to its lending services, GO Finance emphasizes the importance of information technology by providing access to financial record-keeping tools and targeted training aimed at enhancing the operational capacity of entrepreneurs.
eMoneyPool is an online money marketplace that specializes in short term savings. It operates as an online community portal for peer-lending groups. It enables its users to pool money each month and take turns receiving the total lump sum.
The company offers an online platform that helps people access capital through their social networks and creates a path for individuals to access traditional mainstream lenders by leveraging alternative credit and payment histories.
eMoneyPoo was founded by Francisco Cervera in 2012 and is headquartered in Phoenix, Arizona.
Salud Fácil is a financial services provider focused on making healthcare accessible to low-income individuals. The company offers financing solutions for a range of medical procedures, including dental treatments, eye surgeries, and childbirth services, specifically targeting patients at the base of the economic pyramid. With out-of-pocket healthcare expenses representing a significant portion of total costs in the market, and a limited percentage of the population able to afford private insurance, Salud Fácil aims to bridge this gap by providing low-interest loans. This approach enables disadvantaged individuals to access essential healthcare services that they might otherwise be unable to afford.
Saija Finance Private Limited is a non-banking finance company based in Patna, India, specializing in microfinance services for underserved populations in Bihar, Jharkhand, Uttar Pradesh, Haryana, and Punjab. Established in 1997, the company focuses on providing financial assistance to self-employed individuals, particularly women, to meet working capital needs, purchase fixed assets, and support income-generating activities within households. Saija Finance also offers loans for eco-friendly products such as non-grid solar and solar lighting systems. As the only microfinance institution based in Bihar, Saija Finance serves approximately 26,037 clients across five districts, operating through seven branches. Its mission is to improve financial inclusion in some of the poorest regions of Northern and Eastern India, addressing the significant gaps left by traditional financial institutions.