Credit Fair is an India-based financial services and fintech startup founded in 2018. With the slogan "Fair Finance For Everyone," the company aims to address the prevailing unfairness in the finance industry by offering fair financial products to deserving individuals. The team, composed of finance, design, and technology professionals, has initiated CreditFair to achieve this mission. Currently, the company's consumer lending platform focuses on the home decor industry and collaborates with leading consumer brands. The founding team's extensive experience is evident, as they have processed applications worth Rs 200 cr per month, showcasing a strong track record. Furthermore, they have been recognized with a Banking Technology Award for Best Mobile Initiative. The team's educational background is also impressive, with degrees from renowned institutions such as London Business School, Northwestern University (USA), and SAIC (USA), along with the attainment of the CFA charter. In December 2022, Credit Fair secured a significant debt financing investment of INR150.00M, with the State Bank of India as the investor. This recent investment reflects the continued confidence in the company's mission and potential. As Credit Fair continues to innovate and expand its reach, it holds the promise of reshaping the financial landscape with its fair and inclusive approach.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | INR150.00M | 1 | 14 Dec 2022 | |
Debt Financing | Unknown | 3 | Caspian Impact Investments, InCred | 03 Aug 2022 |
Seed Round | INR800.00M | 6 | Nikhil Chandra Gupta, Nitesh Damani +4 | 03 Aug 2022 |
Debt Financing | Unknown | - | 24 Nov 2021 | |
Seed Round | INR1.12B | - | 15 Jul 2021 |
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