Fair Raises $20M in Funding
Summary
Fair, a Houston, TX-based multilingual neobank and financial services platform, raised $20m in funding. Led by Khalid Parekh, founder and CEO, Fair is a membership-based fintech startup that aims to empower consumers with ethical banking, lending, investments and retirement services. The company will open early bird membership enrollment in March, with a public launch in April. • Free ATMs and teller services and conventional banks and retail outlets • Instant, interest-free microloans (buy now pay later at the register) • Interest-free loans for home, auto and business (all loans are equity-based) • Available in English, Spanish and Arabic To join, members will pay a one-time annual or monthly membership fee based on their preference. Parekh is also founder of AMSYS Group, a tech firm valued at nearly $350 million.