Fair Credit

What Fair Credit does

Fair Credit Czech s.r.o. is a Czech private limited liability company (s.r.o.) that previously operated as a non-bank consumer lender in the Czech Republic, providing short-term credit products to individual borrowers. Following a decision by the Czech National Bank (ČNB) on June 20, 2024, the company's license to provide non-bank loans was revoked. The firm can no longer enter into new credit agreements; however, existing loan contracts remain valid, borrowers are contractually obligated to continue repayment, and Fair Credit retains the right to collect on these contracts.

The company is headquartered in the Czech Republic and continues to maintain a customer service operation accessible via phone (+420 800 023 041) and email ([email protected]) during Monday–Friday 8:00–16:00 hours, dedicated to servicing the residual borrower base. No proprietary technology, platform architecture, or technical components are disclosed in available sources; the website functions as a static informational portal communicating the license revocation and contact details rather than as an active lending interface.

The historical revenue model was transaction-fee-based consumer loan origination. With new origination prohibited, ongoing revenue is limited to collection on the existing loan portfolio, with new loan inquiries redirected to sister company Simfina a.s. (simfina.eu). Ownership structure and ultimate beneficial ownership are not publicly disclosed, and no parent company, subsidiaries, funding rounds, or M&A activity are reported in the available data.

Name

Fair Credit

Legal name

Fair Credit Czech s.r.o.

Website

https://faircredit.cz

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

251–500 employees

Short description

Fair Credit Czech s.r.o. is a Czech non-bank consumer lender whose ČNB license was revoked on June 20, 2024, leaving it to service and collect on its existing loan portfolio while redirecting new loan demand to sister company Simfina a.s.

Ownership category

akta.pro rank

Headquarters

HQ city

Prague

HQ country

Czechia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Loan repayment collection: The company continues to collect on existing loan agreements. Existing loan contracts remain valid and clients are obligated to fulfill their repayment obligations. The company is authorized to collect on these existing loans.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Fair Credit Czech s.r.o. was a Czech non-bank consumer lending company that provided personal loans to individual borrowers. Following the revocation of its lending license by the Czech National Bank on June 20, 2024, the company no longer originates new credit agreements. It continues to operate only to service, administer, and collect on its existing loan portfolio, providing customer support via phone and email for repayment inquiries.

Product overview

Fair Credit Czech s.r.o. was a Czech non-bank lending company that provided consumer loans. As of June 20, 2024, the Czech National Bank (ČNB) revoked the company's license to provide non-bank loans. The company no longer originates new loans but continues to service existing contracts. Clients seeking new loans are redirected to sister company Simfina a.s. The product portfolio consisted of the core Fair Credit lending platform, which operated alongside the Simfina brand.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-bank consumer lending Non-bank consumer loan products historically offered by Fair Credit Czech s.r.o. to individual borrowers in the Czech Republic. Following the ČNB license revocation on June 20, 2024, the company no longer originates new loan agreements; the product is now in a servicing-only phase, with the company continuing to collect on existing contracts per their original terms.
• Existing loan servicing and repayment support Post-revocation servicing offering for customers with active loan contracts originated by Fair Credit Czech s.r.o. Includes phone support (+420 800 023 041), email support ([email protected]), and published guidance on how to fulfill ongoing repayment obligations. Operating hours: Monday–Friday 8:00–16:00.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Simfina a.s.coreChannel Partner/ Reseller/ DistributorSimfina a.s. is described as a 'sesterskou společnost' (sister company) of Fair Credit Czech s.r.o. New loan inquiries are being redirected to Simfina, which promises the same quality of service. Fair Credit directs all customers seeking new loans to Simfina's website (simfina.eu).

Scale indicators1 record

Recent moves4 records

Expansion highlights1 record

Broad incumbents

• Česká spořitelna: Largest Czech retail bank by customer base, offering consumer loans, mortgages, and credit cards. Represents the broad incumbent competitive landscape for non-bank consumer lenders in the Czech market.
• Air Bank: Czech retail bank offering consumer loans and credit products as part of a broader banking portfolio. Represents incumbent banking competition for non-bank lenders like Fair Credit.
• Komerční banka: Major Czech bank (Société Générale subsidiary) offering consumer credit products alongside corporate and investment banking, representing incumbent competition in Czech consumer lending.
• Creditas: Czech bank offering consumer loans, mortgages, and deposit products. Part of the broader incumbent banking landscape that competes with non-bank consumer lenders for retail credit demand.

Direct peers

• Profi Credit Czech: Czech non-bank consumer lender serving similar consumer segments with installment loan products, directly comparable to Fair Credit's historical offering in the Czech non-bank lending space.
• Simfina a.s. Sister company of Fair Credit Czech s.r.o. that has absorbed new loan origination. Operates in the same non-bank consumer lending category in the Czech market and represents the continuing business line that Fair Credit previously operated.
• Home Credit Czech Republic: Home Credit is the largest non-bank consumer lender in the Czech Republic, directly comparable to Fair Credit's historical business model of providing consumer loans outside the traditional banking system. Same product category, same target market, same regulatory environment.
• COFIDIS Czech Republic: International non-bank consumer lender with Czech operations offering personal loans and revolving credit, directly overlapping with Fair Credit's historical consumer lending product set in the Czech market.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights4 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fair Credit