fainin logo — Securely rent & lend things online. #SharingIsTheNewOwning

fainin

Securely rent & lend things online. #SharingIsTheNewOwning

Founded 2021 Germany Hamburg, Germany 25 employees Grant Total: $609.85K Blockchain, Marketplaces +2

General Information

Company Name fainin
Founded Year 2021
Location Germany Hamburg, Germany +1
Employees 25
Industries Blockchain, Marketplaces, Mobile +1
Funding Stage Grant

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About fainin

fainin, founded in 2021 and headquartered in Germany, is pioneering a shift towards a sustainable economy with its platform that allows users to securely rent and lend tech equipment online. Self-described as the "Airbnb for (tech-)equipment," fainin has emerged as Germany's largest community for secure sharing. By positioning itself at the intersection of Blockchain, Marketplaces, Mobile, and Sustainability, the company capitalizes on the growing sharing economy trend.

Key differentiators include a robust "design-for-trust" system, encompassing 100% ID-verified users, AI-based fraud detection, and transactions insured up to €15,000. Their innovative Go-To-Market strategy leverages university networks, fostering a community of trust among students, and has garnered support from the beVisioneers fellowship and the Bundesministerium für Bildung und Forschung.

Expanding into the B2B space, the launch of 2-share facilitates secure sharing among corporate employees, appealing to firms eager to encourage a reliable, sustainable culture. Recently, the venture received a €164.85K grant investment, underscoring its potential as a transformative player in the sharing economy.

Taxonomy: Shared Economy, Marketplace, Sharing Economy, Circular Economy, Mobile App, Collaborative Consumption, Tech-Equipment Rental, Trust-Based Design, ID-verification, Fraud Detection, University Community, Corporate Sharing Culture

Services & Products

Equipment Rental
Safe and Insured Transactions
Community-based Sharing
Commission-free Offering for Refugees

Target Customers

Event Planners Photographers and Filmmakers Tech Enthusiasts Students Small Business Owners Rental Companies

Funding Rounds & Investors (5)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• - 10 Sep 2024
Angel Round •••••• - 20 Jan 2024
Pre Seed Round •••••• 1 •••• •••• 20 Aug 2022
Grant •••••• 1
Investor
01 Jan 2022
Grant •••••• - 01 Apr 2018

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FAQ About fainin

Securely rent & lend things online. #SharingIsTheNewOwning
fainin was founded in 2021.
fainin is headquartered in Hamburg, Germany.
fainin operates in the following industries: Blockchain, Marketplaces, Mobile, Sustainability.
fainin has approximately 25 employees.
fainin has completed 5 funding rounds, raising a total of $609.85K. The latest funding stage is Grant.
fainin offers: Equipment Rental, Safe and Insured Transactions, Community-based Sharing, Commission-free Offering for Refugees.
Top alternatives and competitors to fainin include Wingly, Trukatu, Borobear, Uworktify, Found&Seek. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
fainin and Wingly are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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