Fair App Secures a $100M Debt Facility and Equity Investment with Ally
Fair, the Santa Monica-based vehicle subscription app, announced this week that it had closed a $100 million debt facility and an equity investment with Ally Financial. This expansion of Fairs relationship with Ally will help the two-year-old startup get more entry-level drivers, who might not qualify for a traditional loan or lease, into vehicles. Ally is one of Fairs credit providers. They join Credit Suisse, Goldman Sachs and Silicon Valley Bank.
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