Consumer credit fintech Fairlo has received B Corp certification which will enable its plans to create a transparent credit ecosystem.
The company hailed the milestone as a testament to its work over the past several years, introducing features such as the “world’s first” fairness receipt which aims to educate the financial industry on credit setups for optimal use.
Commenting on the B Corp achievement, Jimmy Hanna, CEO and founder of Fairlo, 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 Swedish fintech was one of two companies in the country to be a part of the Financial Times and Statistica’s 2024 fastest-growing companies.
Furthermore, Fairlo received a licence from the Financial Conduct Authority last year to gain a further foothold in the UK market and expound on its continued momentum and growth.
Matthew Cochrane, COO of Fairlo, added: “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”.
