fainin

Fainin is a Germany-based startup founded in 2017 that aims to revolutionize the tech-equipment sharing industry. With the slogan "Securely rent & lend things online. #SharingIsTheNewOwning," Fainin aspires to establish a secure community for renting and lending tech equipment. The company boasts a unique design-for-trust, 100% ID-verified borrowers, AI-based fraud detection, and transactions insured up to €15,000. Its market penetration strategy includes partnering with universities to facilitate sharing exclusively among institution members. Additionally, Fainin is supported by the beVisioneers fellowship and the Bundesministerium für Bildung und Forschung to pilot exclusive communities for corporate companies. The company has recently garnered €100.00K in a Pre-Seed Round investment on 20 August 2022, with Bacb Beteiligungsgesellschaft as the investor. Fainin's innovative approach and strategic partnerships position it as an intriguing player in the intersection of Blockchain, Marketplaces, Mobile, and Sustainability industries.