Fair Fintech, Inc is a US-based fintech startup that aims to address the wealth gap by offering neobanking and wealth-building accounts. The company's slogan "US-based fintech offering neobanking and wealth-building accounts to close the wealth gap" reflects its commitment to social impact. Fair is distinguished by its ethical and socially responsible approach, providing halal-certified, membership-based services to eliminate surprise fees that hinder financial freedom and savings opportunities. The company prioritizes social responsibility, practicing socially responsible investing (SRI), environmental, social, and corporate governance (ESG) investing, and is halal-certified. Fair also demonstrates its commitment to social causes by donating 2.5% of its profits to global refugee issues and racial economic empowerment initiatives. Fair offers transparent banking services through Coastal Community Bank, ensuring its compliance with regulatory standards. Additionally, Fair Invest, LLC provides investment and retirement services, and Fair Lending, LLC offers lending services. As a relatively new player in the market, having been founded in 2021, Fair Fintech, Inc. operates within the financial services, fintech, and banking industries. While specific details regarding the company's investors and investment amounts are not available at this time, Fair's innovative approach to addressing financial disparities and its commitment to ethical and socially responsible practices make it a notable player in the fintech space. By offering halal-certified, membership-based financial services and donating a portion of its profits to social causes, Fair exemplifies a socially conscious approach in the fintech sector, positioning itself as a potential investment opportunity for socially responsible investors and impact-focused venture capitalists.
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