Indonesian fintech startup Fairbanc raises $4.8m and other SE Asia deals

Indonesia- and Silicon Valley-based fintech startup Fairbanc announced that it has raised $4.8 million in its pre-Series A funding led by Vertex Ventures Southeast Asia and India.

Fairbanc, which enables Indonesian MSMEs to purchase inventory on BNPL credit in partnership with large consumer brands like Unilever, added that the funding round was also backed by Lippo Companies, Asian Development Bank, and Accion Venture Lab.

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