Fairplay
FairPlay provides a Fairness-as-a-Service solution that leverages AI to evaluate automated decision-making models in lending, ensuring compliance with fairness standards while enhancing profitability. Key features include fair lending analysis, customer composition assessment, redlining mapping, proxy detection, and continuous fairness optimization.
- Category: Compliance / Governance / Risk
- Location: Los Angeles, California, United States
- Founded: 2020-10-01
- Total funding: 24500000
- Website: https://fairplay.ai
Product & Features
- FairPlay optimizes underwriting and pricing strategies to enhance outcomes for protected classes within risk tolerance.
- The Fair Lending Analysis provides actionable recommendations to address performance and disparity tradeoffs.
- Second Look feature detects model bias and identifies creditworthy borrowers near approval thresholds.
- Fairness Optimizer tunes models for fairness while maintaining or improving accuracy.
- Customer Composition analysis delivers detailed insights into applicant demographics and credit characteristics of protected classes.
- Redlining analysis identifies underserved majority-minority and low-and-moderate income communities.
- Proxy Detection identifies and corrects biases in variables affecting protected classes.
Founders & Team
- John Merrill, Ph.D. — Co-Founder, CTO
- Kareem Saleh — Founder & CEO
Funding Rounds
- Series A — $10M (2022-07)
- Seed — $4.5M (2021-11)
Investors
- Cross River Digital Ventures
- Fin Venture Capital
- Financial Venture Studio
- NevCaut Ventures
- NYCA
- Third Prime
- TTV Capital
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Frequently Asked Questions
What is Fairplay?
FairPlay provides a Fairness-as-a-Service solution that leverages AI to evaluate automated decision-making models in lending, ensuring compliance with fairness standards while enhancing profitability. Key features include fair lending analysis, customer composition assessment, redlining mapping,…
What does Fairplay do?
FairPlay optimizes underwriting and pricing strategies to enhance outcomes for protected classes within risk tolerance. The Fair Lending Analysis provides actionable recommendations to address performance and disparity tradeoffs. Second Look feature detects model bias and identifies creditworthy borrowers near approval thresholds.
Who founded Fairplay?
Fairplay was founded by John Merrill, Ph.D. and Kareem Saleh.
How much funding has Fairplay raised?
Fairplay has raised 24500000 across 2 funding rounds.
Who are Fairplay's investors?
Fairplay's investors include Cross River Digital Ventures, Fin Venture Capital, Financial Venture Studio, NevCaut Ventures, NYCA.
What category does Fairplay fall under?
Fairplay is a legal technology company in the Compliance / Governance / Risk category.