Credit Fair, an Indian consumer-lending fintech startup, was founded in 2018 by Aditya Damani. It is backed by the K.M. Global Group, which has over 30 years of experience in financial services. Registered as an NBFC by the Reserve Bank of India, Credit Fair is on a mission to provide fair finance and plug the loopholes in the financial market that make room for unfair products.
The platform is currently focused on the home decor industry, partnering with leading consumer brands. It is also expanding into four key sectors, education, healthcare, home improvement and electric vehicles, offering instalment loans to meet diverse needs.
Credit Fair is promoting environmental sustainability by encouraging solar installations, which help reduce carbon emissions and support use of renewable energy. The company strives to empower women with financial independence by providing them resources. As much as 30 per cent of Credit Fair’s borrowers are women. The company’s initiatives focus on creating job opportunities, positively impacting employment rates and contributing to economic growth through various projects.
The founding team has processed applications worth Rs 200 crore per month and won a Banking Technology Award for Best Mobile Initiative. It brings a wealth of experience and credentials from institutions like the London Business School, Northwestern University (USA), SAIC (USA), and the CFA charter.
