Founder
CurrentFairbanc is the first scalable, AI-powered mobile loan and payments platform for emerging market small- medium enterprises (SMEs) that requires no collateral, credit history or smartphone ownership, nor any digital or financial literacy. Fairbanc was shortlisted for Cannes Lions Award for sustainable development, and was selected as a finalist for the UN Digital Finance Award, TechStars, and innovation festival, Innovfest, in Singapore. Fairbanc is currently in the process of extending digital credit to thousands of micro-merchants in partnership with multinational FMCG brands like Unilever, Nestle, Coca Cola. and Danone. Fairbanc is backed by ADB, Vertex (Temasek), East Venture, Sampoerna, Lippo, 500, and Accion.Our AI-powered platform can read digital footprints such as transaction history with large suppliers, and grant instant digital credit line that SMEs can use to purchase inventories from our selected suppliers. Our 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. Please visit: http://fairbanc.app/