Faircent

Faircent

  • FOUNDING YEAR: 2013
    LOCATION:
    India
    REGION:
    Haryana
    Last Update:
    13 Feb, 2020

Description

FOCUS

PRODUCTS & SERVICES:
Online Lending (P2P Lending). Trims the lengthy process and transaction fees charged by banks and FIs. Allows borrowers to get a lower rate of interest and lenders receive high returns.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail borrowers and Retail investors
EXISTING PARTNERSHIPS:
Websites or Companies which can refer loan applicants with at least good credit rating and prospective investors
COMMENT
Provides a marketplace for borrowers and lenders for negotiation, lending/borrowing negotiate and reduces the cost of capital through unique reverse auction engine. The platform has a tie-up with Transunion to leverage its data analytics and algorithmic underwriting technology. Faircent offers Auto Invest feature, a fully-automated feature that matches a lender’s investment criteria with the borrower’s requirements and automatically sends proposals to the borrower on behalf of the lender, based on pre-selected lending criteria such as loan tenure, amount, and risk profile.

PEOPLE

MEDICI analysts will analyze Faircent soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$9.75 Millions
DATE OF LAST FUNDING:
Aug 2019
TOTAL FUNDING COMMENT:
The company will use funds to strengthen its technology especially mobile, expand its geography, and marketing. (Dec. 2017)
SEED & PRIOR FUNDING:
$4.25 Millions
SEED CLOSED ON:
Jun 2015
FUNDING SERIES:
SERIES A
fufslwjhnprtxl qrabyt Closed: May 2016
SERIES B
$5.5 Millions Closed: Dec 2017
SERIES C
fnncpc u aayduchickbuej yzkaprsumxeuougozal Closed: Aug 2019
LISTED:
NO

MOST VIEWED RESEARCH


RECENT RESEARCH