{"id":5552,"date":"2025-01-09T00:00:00","date_gmt":"2025-01-08T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=5552"},"modified":"2025-01-08T14:15:06","modified_gmt":"2025-01-08T06:15:06","slug":"daily-markup-1141-fairbanc-secures-us3m-loan-financing-to-empower-entrepreneurs-through-innovative-accessible-buy-now-pay-later-solution","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=5552","title":{"rendered":"Daily Markup #1141: Fairbanc secures US$3M loan financing to empower entrepreneurs through innovative, accessible Buy Now, Pay Later solution"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-rt.googleusercontent.com\/docsz\/AD_4nXehN7TgahfuSFEamrQVvXrDjdi0Mwzpez93nvB8MOe0z0fZVYL0W-FtQvhCM_LwIrom7fdXquFxHhX6yqNAQHl00ikNmp3uIZ7LNND3hgMfTCrqoTzmo0YiWqMvmYiQRPY2b6wD3w?key=YMVPgAxOMiyGLaeoozJhMyrz\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Photo credit: DealStreetAsia<\/figcaption><\/figure>\n\n\n\n<p><strong>&nbsp;Financing growth for more<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/fairbanc.app\/\">Fairbanc<\/a>\u2019s Buy Now, Pay Later (BNPL) solution has been transforming how MSMEs (micro, small, and medium enterprises) access financing since its successful pilot with Unilever in Bangladesh.<\/li>\n\n\n\n<li>Officially launched in Indonesia in 2021, Fairbanc empowers MSMEs to purchase inventory on BNPL credit through partnerships with leading consumer brands.<\/li>\n\n\n\n<li>With over 550,000 merchants onboarded, Fairbanc collaborates with vendors serving industries like FMCG, healthcare, and pharmaceuticals, ensuring broad access to essential goods.<\/li>\n\n\n\n<li>Now, the 500-backed embedded finance startup has secured ~US$3M in loan financing from Indonesia\u2019s state-owned venture capital firm, Bahana Artha Ventura (BAV).<\/li>\n\n\n\n<li>This funding will unlock even greater access to capital for Fairbanc\u2019s partners.<\/li>\n\n\n\n<li>Their BNPL solution requires no collateral, credit history, smartphone ownership, or digital literacy. Instead, Fairbanc leverages supply chain data from FMCG distributors to automate credit scoring and risk monitoring.<\/li>\n\n\n\n<li>Founder &amp; CEO <a href=\"https:\/\/www.linkedin.com\/in\/mirhaque\/\">Mir Haque<\/a> shared, \u201cThis collaboration offers a tremendous opportunity to empower millions of underserved entrepreneurs by providing them with short-term financing options and driving economic growth.\u201d<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/408BqB2\">DealStreetAsia<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;Financing growth for more<\/p>\n","protected":false},"author":5,"featured_media":5553,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[330],"class_list":["post-5552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-fairbanc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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