Fairlo completed a $770k seed capital round.
Fairlo, a Stockholm, Sweden-based startup operating a platform for providing an easy, no-collateral way to get small financial loans, announced that it completed a SEK 7M ($770k) capital investment round.
The money was provided by a range of Swedish seed investors, including Soläng Invest, Boel Swartling, Helena Westin and Georg Rydbeck, whose contribution was matched by Saminvest through a co-investment agreement.
Fairlo, founded in 2016 by siblings Jimmy Hanna and Shamon Hanna, developed a financial service platform that provides easy access to small consumer loans, between SEK 2k and 10k. The company was part of STING's accelerator at the end of 2018.
You can read a detailed profile of Fairlo here.