faire.ai
Enabling banks and financial institutions to provide instant lending services through open banking and AI.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
* | €3.0m | Seed | |
| Total Funding | 000k | ||
| EUR | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 15045 % | 156 % | 68 % | (75 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (3944 %) | (49 %) | (333 %) | (32 %) | (212 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Faire.ai is a forward-thinking startup that uses Artificial Intelligence (AI) and Machine Learning (ML) to transform Open Banking data into valuable insights for businesses. The company operates in the financial technology (fintech) sector, focusing on providing innovative analytics services and lending products to enhance business results.
Faire.ai primarily serves business clients (B2B) and their customers (B2B2C). These clients include financial institutions, lenders, and other companies that need to understand the financial behavior of their customers. By leveraging Open Banking data, Faire.ai retrieves customer data and transaction history, which it then analyzes to calculate affordability and loan eligibility. This helps businesses make more informed lending decisions and optimize their processes.
The business model of Faire.ai revolves around its API-based platform, which businesses can integrate into their systems. This platform turns raw transaction data into insightful Key Performance Indicators (KPIs), providing granular financial insights that enrich datasets and improve business operations. Faire.ai makes money by offering these analytics services and lending products to its clients, who pay for access to the platform and the insights it generates.
In summary, Faire.ai is a data-centric company that enhances business growth by optimizing processes and providing deep financial insights through the use of AI and ML. It simplifies access to credit and improves lives by innovating traditional financial paradigms.
Keywords: AI, Machine Learning, Open Banking, Financial Insights, Affordability, Loan Eligibility, API Platform, Fintech, B2B2C, Data Analytics.