Amsterdam-based Fairnance raises Seed funding from Maydan Capital
Amsterdam-based Fairnance, a home financing platform, announced on Friday, May 6, that it has raised an undisclosed amount in its Seed round of funding from UK-based equity investment platform Maydan Capital.
With an aim to provide ethically-focused tech startups with visibility and access to investment, Fairnance’s fundraising marks the first completed deal for the UK equity investment platform.- Partner content –
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About Maydan Capital
Maydan Capital connects retail, accredited and sophisticated investors directly to vetted equity offerings in emerging digital businesses, providing each a direct line to growth.
Maydan Capital CEO, Safdar Alam, says, “We are very pleased to close our first investment, with the deal being fully committed just hours after the launch. Fairnance’s mission aligns with our ethos of positive social impact, in this case, for those excluded from traditional mortgages, and we are proud to help them on their journey.”
Maydan will work with selected partners to open up opportunities previously reserved for the Venture Capital and institutional markets. The announcement comes shortly after a signed partnership between Maydan Capital and Wa’ed Ventures, the VC arm of the Saudi Aramco Entrepreneurship Centre, to support Saudi-based startups. Maydan has also partnered with other international organisations, such as the UK Pakistan Chamber of Commerce and Industry (UKPCCI), which connects business circles in the UK and Pakistan to promote trade and investment between the two regions.
Safdar adds, “We believe it is important for all investors to have access to opportunities to grow their wealth in a meaningful way that directs capital to businesses that are aligned to their values. We will continue to bring more ethical deals like this one to the market.”
“The platform for alternative home financing”
Founded by Amir Saleem and Adriaan Jacob Brouwer, Fairnance is based on the concept of disintermediation in home financing. The company is trying to build an alternative home-financing solution that will serve people in the Netherlands who are excluded from homeownership for non-financial reasons.
Amir Saleem says, “We could not be more grateful for the support of investors who are joining Fairnance on its early journey and hope to reward that investor faith as we work towards our launch.”
Adriaan Brouwer adds, “Beyond fundraising, we are delighted to have worked with a platform that shares our values and vision. We hope to continue our relationship with Maydan Capital in the longer term.”