Faire is an online wholesale marketplace that uses machine learning to connect independent retailers with brands and products tailored to their unique needs. By leveraging technology, Faire helps small retailers discover and stock merchandise that differentiates them from big box stores, while also providing brands with tools to grow and manage their wholesale business.
Founded on the belief that the future of retail is local, Faire has built a global community of hundreds of thousands of retailers and brands, facilitating over 7 million connections to date. Their platform offers data-driven product recommendations, straightforward financial terms like net 60 payments, and risk-free inventory purchasing, features that were traditionally accessible only to large chains.
For brands, Faire streamlines wholesale operations by providing advanced sales, marketing, and analytics tools. These features help brands reach a wider audience and focus on creating quality products, while retailers benefit from simplified sourcing and financial flexibility.
What technology enables Faire's marketplace?
Faire's core technology relies on machine learning algorithms that match retailers with brands and products most likely to succeed in their stores. This approach removes much of the guesswork from inventory selection, helping retailers make data-informed decisions. The platform also manages logistics, payments, and provides detailed analytics to both sides of the marketplace.
Who uses Faire?
Faire primarily serves:
- Independent brick-and-mortar and online retailers seeking unique products for their stores
- Emerging and established brands looking to expand their wholesale reach
- Buyers and shop owners who want flexible payment terms and low-risk inventory acquisition
This dual-sided approach has built a thriving ecosystem supporting local commerce across North America and beyond.
Who are Faire's competitors?
Faire operates in the B2B wholesale and retail marketplace sector. Its main competitors include:
- Orderchamp: Focuses on low minimum order values, buy-now-pay-later, and dropshipping for European retailers.
- Joor: A global B2B wholesale platform with an emphasis on fashion and vetted retailers.
- Farm2Me: Specializes in small-batch and emerging food and beverage brands for local retailers.
- FGmarket: Offers a wide selection of wholesale vendors across many product categories.
- orosy: Connects retailers with thousands of unique Japanese brands.
- FASHIONGO: Focuses on wholesale clothing, accessories, and home decor.
- goWholesale: Provides real-time wholesale prices on a variety of products, including new and refurbished items.
These platforms differ by product focus, regional presence, and services offered, but all aim to facilitate wholesale transactions between brands and retailers.
Use PromptLoop to Uncover Company Data
Looking for more company insights like this? PromptLoop helps you go deeper, providing unique data points and analysis on companies like Faire and many others. Automate your research and find the information that matters most. Discover how PromptLoop can accelerate your market intelligence. Get A Free Demo to learn more.