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PT Fairbanc Technologies Indonesia, a Jakarta fintech founded in 2019, offers AI-powered payment terms and loans for small businesses.
Founded in 2019 and based in Jakarta, Indonesia, PT Fairbanc Technologies Indonesia provides mobile loan and payment platforms for small and medium enterprises in emerging markets. Its payment terms product gives instant liquidity at the point of purchase, without collateral or credit history requirements. Clients are reported to include Coca-Cola, Unilever, Xiaomi, IndoFood, Samsung and GSK. As of July 2024 the company is led by founder and CEO Mir Haque. In December 2024 Fairbanc raised IDR 50 billion in venture debt from Bahana Artha Ventura.
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