Fairlo, a leading consumer credit fintech, has announced that it has received B Corp certification, joining a global movement of businesses dedicated to fostering an inclusive, transparent, and sustainable economy.
Commenting on this, Fairlo CEO and founder, Jimmy Hanna, said: “The entire process has taken almost a year and it is with no small amount of pride we announce our certification as it proves not only our commitment to our original vision of challenging the predatory credit industry, it also proves our commitment to staying focused on tangible and measurable improvement across all areas we impact moving forward”
The B Corp certification marks a new milestone in Fairlo’s ‘quest’ for introducing accountability and transparency to credit services, following features like the world’s first Fairness Receipt, a detailed breakdown of the deal. Where does the money go and what do we stand to profit? In short, what finance geeks call “unit economics”.
Fairlo was one of only two Swedish companies on top 10 of Financial Times and Statista’s 2024 ranking of Europe’s fastest-growing companies. It received its UK FCA licence last year and is now showing sustainable and profitable growth, momentum that is now being used for gaining leverage on the Swedish and British markets.
Fairlo COO, Matthew Cochrane, concluded: “Our proven track record in Sweden, our 4.7 Trustpilot score, our FCA licence in the UK and now the B Corp certification are all amazing proof points of why Fairlo is needed and makes sense for the UK market.”
Fairlo’s assessment can be found here: https://www.bcorporation.net/en-us/find-a-b-corp/company/fairlo/
“Fairlo receives B Corp certification” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.