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Fairsplit
Techstars '23Miami, US · 1 known investors
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Miami startup providing employers with escrow accounts and matching bonds to fund and guarantee severance obligations.
Also known as FairSplit
Founders & leadership
Investors · 1
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · Not right? Tell us
Company profile
researched Sep 2026FairSplit is a Miami-based startup that provides employers with a funding and guarantee mechanism for severance obligations. The company sets up an escrow account that functions as an insurance system, holding employer contributions so that a company has sufficient liquidity to honor severance commitments; the funds remain in the account until a layoff occurs, at which point they can be deployed. Alongside the escrow, FairSplit operates a bond system that matches every employer contribution dollar-for-dollar and serves as a guarantor: if the escrow balance is insufficient during a reduction in force, capital can be drawn from the bond and repaid over time.
The company frames the problem as a liability gap, citing that 95% of employers claim to have severance packages in place but lack the capital to fund them. Tax treatment is presented as a further benefit, with FairSplit calculating that a company laying off 12,000 employees, as Google did, could have saved roughly $38.4 million using its platform. Product development plans include broadening into a wider set of employer services by applying AI to the data collected from employers.
Founding story
The concept grew out of founder Orville Black's personal experience with workplace disputes, including two years spent helping his injured mother win a workers' compensation case beginning in 2017, and his own lack of recourse after being assaulted as an 18-year-old retail worker. Watching colleagues at a rental verification startup lose their jobs in 2020 led him to focus on severance as the mechanism for cushioning the financial and psychological shock of termination, and he founded FairSplit in Miami in 2021.
Business model
FairSplit sells its severance-funding infrastructure to employers, combining an escrow account that holds company contributions with a bond product that matches employer contributions dollar-for-dollar and acts as a guarantor when escrowed funds are insufficient. Value propositions emphasized to buyers include liquidity timing (the bond "buys time" to pay severance and repay the bond later) and tax incentives associated with setting up the system.
Traction
FairSplit completed the Techstars Miami accelerator with a four-person team, which the founder described as providing access to attorneys and accountants needed to assess the product's impact.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
An early-stage, Techstars Miami-backed company in the Miami technology ecosystem addressing severance funding for employers.
Technology
An escrow-and-bond platform for severance liabilities, with stated plans to leverage AI to analyze data collected from employers in order to offer a broader range of services.
Go-to-market
Employers and companies that offer severance packages, including those carrying severance liabilities without the capital to fund them; the founder has highlighted Miami-based businesses in particular.
Geography
Headquartered in Miami, Florida. The founder has framed the product as a way for Miami-area businesses to attract talent and support local economic development.
History
Orville Black's interest in employer-employee disputes began in 2017, when his mother was injured at work and he spent two years helping her navigate lawyers and doctors to win her workers' compensation case; he also cited being assaulted by a customer at a retail job at age 18 without recourse. In 2020, while working at a rental verification startup, he observed colleagues losing their jobs, which prompted him to address the problem through severance. Black relocated from New York to Miami in 2021 and founded FairSplit that year with Chief Systems Officer Ryon Batson and CTO Andy Zhang. The four-person team subsequently went through the Techstars Miami accelerator.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 2
launches, deals, and filingsOrville Black moved from New York to Miami in 2021 and founded FairSplit with Chief Systems Officer Ryon Batson and CTO Andy Zhang.
The four-person team took part in the Techstars Miami accelerator, which Black credited with providing access to attorneys and accountants.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 4
primary sources listed
- Home - FairSplitfairsplit.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Fairsplit do?
- Miami startup providing employers with escrow accounts and matching bonds to fund and guarantee severance obligations.
- Who founded Fairsplit?
- Fairsplit was founded by Orville Black.
- Who are Fairsplit's investors?
- Fairsplit's investors include Techstars.
- Where is Fairsplit headquartered?
- Fairsplit is headquartered in Miami, US.