LOS ANGELES, CA, FairPlay, the world's first 'Fairness-as-a-Service' solution for algorithmic decision-making, today announced that it has raised $10 million in Series A funding.
The round was led by Nyca Partners, with participation from Cross River Digital Ventures, Third Prime, Fin Capital, TTV, Nevcaut Ventures, Financial Venture Studio and Jonathan Weiner.
FairPlay provides lenders with easy-to-use tools that assess and reduce bias in credit algorithms. FairPlay was founded to combat the threats algorithmic systems pose to the safety of consumers and society, by building fairness infrastructure to de-bias digital decisions in real-time.
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