We show that Fano lattice polygons define a class of balanced quivers with interesting properties. The combinatorics of these quivers is related to singularities of the underlying toric Fano surface. This allows us to show that every Fano polygon defines a point on a certain family of algebraic hypersurfaces. Our quivers admit a generalized mutation which preserves balancing and coincides with combinatorial mutation of Fano polygons whenever both operations are defined. We characterize balanced quivers arising from Fano polygons and discuss generalizations to higher dimensions.