Fairmarkit | About Us

Our Story

2017 - 2020

Founded in 2017, Fairmarkit got its start by solving the complexities and missed savings opportunities of tail spend, the thousands of purchases that fall outside strategic and tactical sourcing. By building the industry's most advanced RFQ engine, we gave procurement teams the ability to manage tail spend at scale without adding headcount.

2020 - 2023

As our customers scaled, we scaled with them. Fairmarkit integrated ML and AI directly into the sourcing workflow, automating supplier recommendations, accelerating event creation, and turning what used to take days into minutes. Procurement teams weren't just managing more spend, they were doing it smarter.

2023 - 2025

We made our biggest bet yet: going all in on generative AI before the market caught up. While others were retrofitting static forms and manual RFx processes, we leapfrogged them entirely, rebuilding the platform around GenAI to handle demand intake and strategic sourcing. The result: a single platform that could do what used to require three.

2025 - Future

Total Agentic Sourcing is here. Fairmarkit now deploys AI agents across the full spectrum of enterprise spend, from a $500 supply order to a $100M contract, in a single unified environment integrated with SAP, Coupa, Oracle, ServiceNow, and more. The CPO who deploys agentic sourcing at scale has the most credible AI story in the building, and the P&L to prove it.

Best-in-class sourcing is not about more features or more buttons. It is about making the end-to-end sourcing process dramatically more efficient and effective. At Fairmarkit, we are relentlessly focused on delivering the simplest, fastest, and most agentic sourcing experience possible - driving more business value with less human effort.

Kevin Frechette, CEO and Cofounder

“Fairmarkit streamlines procurement workflows so teams can move with speed and precision. More importantly, it ensures every dollar of spend drives measurable business value and supports the initiatives that matter most.”

Celeste Ackert, Chief Financial & Operating Officer

Trusted by

We are Fairmarkit

Fairmarkit helps enterprises source smarter and spend better. Our autonomous sourcing platform puts AI agents to work from demand to award, for every category of spend. The result: faster procurement and deeper savings across the entire business. With a 2.7M+ supplier marketplace and native integrations into leading ERP and P2P systems, Fairmarkit meets enterprises where they are. Companies like BP, Boeing, and Snowflake have cut sourcing cycle times by 55%+ and eliminated tens of thousands of manual hours every year.

Operate with excellence

We have a bias for action and move as one. We drive towards results with enthusiasm, while learning and growing with humility.

Operate with excellence

Act with integrity

We are well-intentioned in everything we do. We are ethical, equitable, and inclusive.

Act with integrity

We before me

We go the extra mile to collaborate and help each other succeed. We actively seek different perspectives to make us better.

We before me

Change the game

We’re Team Customer, obsessive about moving the industry forward to benefit them. We approach problems with intellectual curiosity and an innovative mindset.

Change the game