US neo bank Fair raises $20 million with a mission to address racial inequalities

Fair, a new US neo bank targeting recent immigrants from ethnic minority bakcgrounds, has raised $20 million ahead of a public launch slated for April. Fair found Khalid Parekh is also founder of Amsys Group, a tech firm valued at nearly $350 million. When he arrived in the US from India with $100 in his pocket two decades ago, he struggled to not only get a loan but also to open a bank account. Hence the establishment of Fair, which is designed so those who are new to the country...
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