# PT Fairbanc Technologies Indonesia

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pt-fairbanc-technologies-indonesia

- Industry: Financial Services
- Headquarters: Jakarta, Indonesia
- Website: www.fairbanc.app
- Latest round: Seed (Jun 25, 2021)
- Investors on record: 5

## About

Founded in 2019 and based in Jakarta, Indonesia, PT Fairbanc Technologies Indonesia operates as a financial technology company providing mobile loan and payment platforms for emerging market small-medium enterprises. Some of the firm's clients include Coca-Cola, Unilever, Xiaomi, IndoFood, Samsung, GSK, etc. The firm as of July 2024, is led by its founder and CEO, Mir Haque. In December 2024, Fairbanc raised IDR 50 billion in venture debt funding from new investor Bahana Artha Ventura. 

Fairbanc Technologies Indonesia specializes in AI (Artificial intelligence) /ML (Machine Learning) powered terms of payment solutions tailored for micro, small, and medium enterprises (MSMEs). The company eliminates barriers such as collateral requirements, credit history, and smartphone ownership typically needed for accessing credit. The company's core product, Fairbanc terms of payment, provides instant liquidity to customers at the point of purchase, enhancing business cash flow without necessitating cumbersome loan applications. Fairbanc also emphasizes data intelligence, offering insights that help businesses manage risk, optimize loan utilization, and improve collections effectively.

The company plans to utilize the December 2024 funding to provide its partners with profitable business capital loans. It is anticipated that the funds will be available for distribution in the first quarter of 2025.

## Funding rounds

- Seed, Jun 25, 2021 — Accion, East Ventures, ADB Ventures, Sampoerna Strategic
- Seed, Dec 20, 2019 — 500 Global

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Accion (https://capitalatlas.ai/funds/accion) — Seed
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- ADB Ventures (https://capitalatlas.ai/funds/adb-ventures) — Seed
- Sampoerna Strategic — Seed