Fintech
Fairlo Leads the Way with B Corp Certification
To do itone of the leading consumer credit fintechs, today announced that it has received B Corp Certificationjoining a global movement of companies committed to promoting an inclusive, transparent and sustainable economy.
Commenting on the achievement, Jimmy Hanna, CEO and founder of Fairlo, said: “The entire process has taken nearly a year and it is with no small amount of pride that we announce our certification as it demonstrates not only our commitment to our original vision of challenging the predatory lending industry, but also our commitment to remain focused on tangible and measurable improvements in all areas of our impact moving forward.”
Fairlo’s rating in detail: https://www.bcorporation.net/en-us/find-ab-corp/company/fairlo/
The world’s first equity receipt
The B Corp certification marks a new milestone in Fairlo’s quest to bring accountability and transparency to credit services, following features like the world’s first Fairness Receipt, a detailed breakdown of the deal. Where does the money go and what do we gain? In short, what finance geeks call “unit economics.”
Gaining momentum
Fairlo was one of only two Swedish companies in the top 10 of the Financial Times and Statista 2024 ranking of Europe’s fastest growing companies. It received its UK FCA license last year and is now showing sustainable and profitable growth, momentum it is now using to gain leverage in the Swedish and UK markets.
Matthew Cochrane, COO of Fairlo, said: “Our proven track record in Sweden, our Trustpilot score of 4.7, our FCA licence in the UK and now our B Corp certification are all fantastic evidence of why Fairlo is necessary and makes sense for the UK market.”