"Our fundraising success is partially attributed to the need for a platform like Fair," said Khalid Parekh, founder and CEO. "Research tells us Blacks and Latinos pay twice as much in bank fees, while the racial wealth gap continues to grow.” He added that people are struggling “at the hands of our current financial model,” and that Fair was created “to help all consumers keep more money in their pocket, so they can thrive. It's why our purpose and promise are in our name."

https://www.pymnts.com/news/investment-tracker/2021/multilingual-neobank-fair-raises-20m/