Fair
“Can a mission-driven, multilingual neobank capture the underbanked immigrant market that legacy US banks have historically overlooked?”
Founded2016
HQHouston, Texas, United States
FoundersKhalid Parekh
Total raised$20M (2021 seed round)
Latest roundSeed, 2021
IndustryFintech / Neobank
The story
Fair was founded in Houston by Khalid Parekh (previously of AMSYS Group) as a multilingual neobank targeting immigrants and underserved minority communities in the US. It raised $20M in 40 days in early 2021, primarily from immigrant and minority retail investors rather than institutional VCs, and launched to the public in May 2021. Note: there are multiple unrelated companies named 'Fair' — including a Santa Monica-based vehicle leasing platform (acquired by Shift) and Fair.xyz (a Web3 platform) — which do not share stack ancestry with the Houston-based Fair neobank.
Last 12 months
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Product timeline
2021
Fair launches publicly as a multilingual digital bank and financial services platform for immigrants, based in Houston.· banking
The stack
0 layers disclosed in Fair’s embedded-finance stack
Accounting gap: none