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Fair joins RouteOne

Subscription app Fair is set to be featured as an available finance source to more than 18,000 dealerships as the startup integrates with RouteOne, the companies announced today.  Fair’s integration places the startup as a finance option on RouteOne’s platform alongside companies like Ally Financial, Chase Auto, Toyota Financial Services and 1,400 other lenders. Fair […]

EXCLUSIVE: Ford Credit sells Canvas portfolio to Fair 

Used-car leasing app Fair has finalized a deal to acquire the assets of Ford Motor Credit’s subscription service Canvas, the company announced today. The Canvas acquisition increases Fair's fleet by 1,000 for active consumer subscribers and 600 that can be used for rideshare or consumer demand — adding to the 45,000 active users Fair currently […]

Ally backs startup Fair with $100m debt facility

Used-car leasing app Fair has closed a $100 million debt facility and equity investment led by Ally Financial. With Ally’s investment, the three-year-old vehicle subscription company has raised $1.6 billion in funding over 10 rounds. The funds will be used to purchase more vehicles for Fair’s fleet. The Ally investment comes on the heels of […]

Fair eyes new debt funding

Fair is in discussion with a "major global financial institution" for as much as $500 million of debt funding, Co-Founder Georg Bauer told Auto Finance News. To date, the 3-year-old vehicle subscription company has raised $1.5 billion in funding over nine rounds. "Once this [funding] is closed, we are picking up our work with the […]

Fair to Roll Out Weekly Payment Program

Subscription app Fair is gearing up for the rollout of a weekly payment plan for Uber drivers, Patrick Wilkison, Fair's general partner and head of ride-sharing, told Auto Finance News.   “We realized the [weekly payment] is the type of cadence the rideshare driver operates,” Wilkison said. “Rideshare drivers get their payouts on a weekly […]
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