# Fairown Finance OU

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fairown-finance-ou

- Industry: Software
- Headquarters: Tallinn, Estonia
- Website: www.fairown.com
- Total disclosed funding: $11M
- Latest round: Seed (Sep 10, 2024)
- Investors on record: 5

## About

Based in Tallinn, Estonia, and founded in 2018 by Chief Executive Officer Hendrik Roosna and Chief Technology Officer Taivo Turnpu, Fairown Finance OU is a developer of a subscription financing platform that allows businesses to manage and transform payment methods into a subscription-based plan, and payment option. In September 2024, Fairown Finance OU raised EUR 5.7 million in seed funding led by BonVenture, with participation from STIHL Digital, neosfer GmbH, and Gateway Ventures. 

Fairown Finance OU developed a product known as Fairown Buyback, which is a fintech platform designed for both consumers and merchants, allowing consumers to resale, as the company buys back used items, refurbishes them, and reintroduces them to the market. It offers merchants product buyback and credit asset-light solutions to improve sales and customer loyalty. The company turns bundle services and products into one monthly payment that can include insurance policies for industries such as IT hardware and gadgets, home appliances, bicycles, scooters, furniture, and fashion. As of 2024, the firm provides services in Sweden, Denmark, Norway, Finland, and Estonia. 

The company's revenue is generated by offering a platform that enables subscription bundles to businesses involved in industries such as IT hardware and gadgets, home appliances, bicycles, scooters, furniture, and fashion.

The firm plans to use the funding from September 2024 to expand its services in Germany by developing the German household appliances market with BSH BlueMovement.

## Funding rounds

- Seed, Sep 10, 2024, $6.3M — BONVENTURE, neosfer, STIHL Ventures, Gateway Ventures
- Seed, Nov 2, 2021, $4.2M — neosfer, Gateway Ventures, STIHL Ventures
- Seed, Jan 13, 2021 — Spring Capital, neosfer, Gateway Ventures

## Investors

- Spring Capital — Seed
- neosfer (https://capitalatlas.ai/funds/neosfer) — Seed
- Gateway Ventures (https://capitalatlas.ai/funds/gateway-ventures) — Seed
- STIHL Ventures (https://capitalatlas.ai/funds/stihl-ventures) — Seed
- BONVENTURE (https://capitalatlas.ai/funds/bonventure) — Seed