Faire.ai, a Milan, Italy-based credit automation company, raised $3M in Seed funding.
The round was led by Francesco Beraldi, and Lorenzo Lamberti Sagliano, with participation from CII3 Advisors, Fabrick, Cristiano Esclapon, Matteo de Brabant, Marco di Dio Roccazzella, Paolo Barberis, Paolo Griffa, Francesco Marini, Gianandrea Streklej, Massimo Ferro, Jan Sprengnetter, Guido Polesello, Edi Polesello, Davide Marmondi, Enrico Angella, and Tommaso Mascetti.
The company intends to use the funds to expand operations and consolidate its business reach on the Italian market, and (later) abroad.
Led by CEO Gianluigi Davassi, Faire.ai is a B2B fintech company which specializes in consumer credit automation. It leverages open banking as a data source and uses artificial intelligence models to estimate consumer risk profiles. The platform enables banks and financial institutions to provide instant loans through a single API, allowing the management of the entire life cycle of a loan.
Its services include:
- Data Analytics e Lending as a service, an analysis platform which provides credit evaluation of people in real time; and
- FairePay, which allows users to pay in installments getting access to a loan ranging from €2k to €20k.
FinSMEs
10/10/2022