Fairplay Closes $35M In Equity, Debt To Provide Revenue-Based Financing To Entrepreneurs

Jan 18, 2022•over 3 years ago

Amount Raised

$35 Million

Description

Mexican revenue-based investment startup Fairplay secured $35 million in Series A funding to invest in the online marketing campaigns of direct-to-consumer e-commerce brands and marketplace sellers in Latin America.

Company Information

Company

Fair Play

About

The company provides lenders with simple and easy-to-use tools that assess and reduce bias in lending algorithms. "We started using FairPlay and it's been an incredible resource. Fairplay was founded on the premise that algorithmic discrimination is a massive problem that must be solved by building modern fairness infrastructure for the Internet, to assess and lessen biases in every algorithm used to make a high-stakes decision about people's lives. The round was led by Third Prime Capital, with participation from FinVC, TTV, Financial Venture Studio, Amara, and Nevcaut Ventures. Fairplay's National Fairness Map for Black Homebuyers in 2020FairPlay is an AI fairness solution for any company that uses algorithms to make high stakes decisions about people's lives.

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Medium Activity

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