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Fairbanc was founded in 2019 by Wharton-graduate Mir Haque, who first piloted the startup in Bangladesh before choosing Indonesia as its main market. Haque was born in Bangladesh and described it to TechCrunch as “the birthplace of micro-finance.”
For example, I'm planning on going to India and Bangladesh next month for the first time, and to Uganda and Sudan next year. Speaking of the press, it is clear that they really get my overarching goal: to engage more of the tech community in serving the 90% of humanity we haven't been focusing on (yet).
Flosbach told TechCrunch that Bfree employs the use of ethical debt collection standards and works closely with defaulters for tailor-made settlement options, with the end-goal of increasing the repayment rate and customer satisfaction. The startup also regularly conducts financial literacy campaigns.
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