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Fairlo
Fairlo is a financial technology company that provides credit services. Fairlo is on a mission to level the playing field and outsmart the predatory credit...
Overview
Fairlo is a financial technology company that provides credit services. Fairlo is on a mission to level the playing field and outsmart the predatory credit market by creating fair financial services from scratch.
General information
Firm type
Bank / Wealth / Trust
Year founded
2018
Location
Region
Europe
Country
Sweden
City
Stockholm
Corporate office
Stockholm, Sweden
Sector focus
Frequently asked questions
Is Fairlo a bank, a lending platform, or a credit institution?
Fairlo holds a license as a credit institution from Finansinspektionen, Sweden's financial supervisory authority. This means it originates and holds loans on its own balance sheet, rather than acting as an intermediary for a partner bank.
What consumer credit products does Fairlo offer?
Fairlo provides unsecured personal installment loans and revolving credit lines to individuals. Products are distributed direct-to-consumer through its website and, in some cases, integrated at the point of sale within retail environments.
How does Fairlo underwrite its loans?
Fairlo uses automated decisioning models that draw on Swedish credit bureau data, income verification, and borrower-provided application information. The firm targets prime and near-prime consumer segments in its core market.
Does Fairlo take deposits from the public?
No. Fairlo does not hold a deposit-taking license. Its lending capital is funded through institutional credit facilities and equity capital on its balance sheet.
Where does Fairlo operate geographically?
Fairlo's primary lending market is Sweden, with potential reach into other Nordic countries. The firm's regulatory passport is anchored in its Swedish credit institution license.
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