How much did FairPlay raise?

FairPlay raised $10 Million in a Series A round on July 19, 2022.

Fairplay Raises $10 Million In Series A Funding To Reduce Bias In Lending

PRIVATEJul 19, 2022

Amount Raised

$10 Million

Round Type

Series A

New YorkFinancial ServicesSoftwareData And Analytics

Description

FairPlay, the world's first "Fairness-as-a-Service" solution for algorithmic decision-making, today announced that it has raised $10 million in Series A funding. The round was led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut Ventures, Financial Venture Studio and Jonathan Weiner.

Quick answer

FairPlay raised $10 Million in a Series A round, dated July 19, 2022. FairPlay is based in New York, United States.

How much did FairPlay raise?: FairPlay raised $10 Million in a Series A round on July 19, 2022.
What does FairPlay do?: The company provides lenders with simple and easy-to-use tools that assess and reduce bias in lending algorithms.
Where is FairPlay based and how big is it?: FairPlay is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Financial Services and Data And Analytics around the same time

Companies in the same sectors as FairPlay that raised within 45 days of this round, from Fundz verified event records.

Mahalo raised $20M (Funding Round) on July 19, 2022.
Pixium Vision raised an undisclosed amount (Funding Round) on July 14, 2022.
Lucinity raised $17M (Series B) on July 7, 2022.
Arkestro raised $26M on June 14, 2022.
Front raised an undisclosed amount (Seed) on June 8, 2022.
PayShepherd raised $3M (Seed) on June 7, 2022.

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Company Information

Company

FairPlay

Location

New York, United States

About

The company provides lenders with simple and easy-to-use tools that assess and reduce bias in lending algorithms. "We started using FairPlay and it's been an incredible resource. Fairplay was founded on the premise that algorithmic discrimination is a massive problem that must be solved by building modern fairness infrastructure for the Internet, to assess and lessen biases in every algorithm used to make a high-stakes decision about people's lives. The round was led by Third Prime Capital, with participation from FinVC, TTV, Financial Venture Studio, Amara, and Nevcaut Ventures. Fairplay's National Fairness Map for Black Homebuyers in 2020FairPlay is an AI fairness solution for any company that uses algorithms to make high stakes decisions about people's lives.

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What this usually means

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

FairPlay raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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