Fairmarkit is the premier solution for optimizing  tail spend, from sourcing through payment

Who we are

Through streamlined sourcing, vendor identification, and automated quoting, Fairmarkit accelerates the bid-to-buy process. The solution uses machine learning and artificial intelligence to reduce manual effort by 30-40% on purchases while yielding savings of over 15%. The platform connects directly to your existing internal systems providing a rapid implementation process and enabling more spend to be placed under management. Fairmarkit is headquartered in Boston and is the only solution focused exclusively on tail spend sourcing and payment processes.

Our mission

Fairmarkit believes that effective spend management prioritizes automation and leverages data, allowing procurement teams to reorient their time and focus towards enabling strategic initiatives. By collaborating within the procurement ecosystem to understand customer needs, Fairmarkit empowers companies to leverage machine learning and artificial intelligence to create market competition, which minimizes manual touchpoints and maximizes spend.

Core values

At Fairmarkit, our core values guide how we collaborate internally, interact with our customers and engage with the greater startup community. We are creating a family that’s respectful, positive, collaborative, and driven by a unified passion and unmatched work ethic that results in accelerated customer benefits and recognition for employee excellence.

Self Awareness
Customer First

Leadership Team

Kevin Frechette
CEO & Cofounder
Tarek Alaruri
COO & Cofounder
Victor Kushch
CTO & Cofounder
Andrew Kenney
VP of Engineering
Ben Winter
Head of Growth & Marketing
Erin McFarlane
Head of Strategy & Execution
Kelly McStay
Head of Product
Maddy Karolian
Director of Finance
Mike Metcalf
Director of Sales

Advisory Board

Brian Gruttadauria
VP & CTO of Oracle’s Cloud Business Group; former VP of Engineering at EMC
Carl Gish
Chief Marketing Officer at Varo Money
Greg Tennyson
CPO at VSP Global; former CPO at Oracle and Salesforce
Joel Schwartz
Former Head of Supply Chain and Procurement at EMC
Lou Shipley
President & CEO at Black Duck Software
Mike McGuinness
SVP of Sales from CA Technologies
Natalia Graves
CPO at Veeam Software
Stephen Gregorio
EVP & Chief Financial Officer at XebiaLabs
Thomas Krane
Principal at Insight Partners
Walter Charles
Chief Procurement Officer at Allergan

Backed by

newfund logoinsight venture partners logonew stack logoVt technology ventures logomass ventures logo


We invest in our employees

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Competitive salaries

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Equity offering

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Health, vision, dental, and commuter benefits

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401(k) with match


Unlimited PTO (with a minimum)

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Meaningful career and growth opportunities