Fairnance, an Amsterdam-based home finance network, revealed that it has raised an undisclosed amount in its Seed round of fundraising from Maydan Capital, a UK-based equity investment platform.
Fairnance’s fundraising is the first completed deal for the UK equity investment platform, aiming to provide awareness and access to investment for ethically-focused software firms.
“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.”Safdar Alam CEO of Maydan Capital.
Maydan will collaborate with a few select partners to bring up opportunities that were previously only available to Venture Capital and institutional investors. Maydan Capital and Wa’ed Ventures, the venture capital arm of the Saudi Aramco Entrepreneurship Centre, have announced a cooperation to help Saudi-based entrepreneurs.
Maydan has also cooperated with other international organisations, such as the UK Pakistan Chamber of Commerce and Industry (UKPCCI), which brings together business circles from the United Kingdom and Pakistan to encourage trade and investment between the two countries.
Fairnance, founded by Amir Saleem and Adriaan Jacob Brouwer, is built on the notion of home financing disintermediation. The company is attempting to develop an alternative home-financing solution for persons in the Netherlands who are unable to purchase a home due to non-financial reasons.