Fair App Secures a $100M Debt Facility and Equity Investment with Ally
Investment will help Fair reach more drivers who donít qualify for traditional financing.
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 Fairís 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 Fairís credit providers. They join Credit Suisse, Goldman Sachs and Silicon Valley Bank.
Subscription Insider now embargoes NEWS and FEATURE articles 14 days after they are published.
All registered site users can enjoy access to our full archive of news and feature content by logging in.
Remember — Subscription Insider membership includes access to all embargoed content.
Subscription Insider has upgraded to a new technology platform and our login process has changed:
FOR FREE EMBARGOED ACCESS:
- Newsletter Subscribers (Free): Please log in using the email you used to signup for our Newsletter. The first time you log in, you will need to reset your password.
- Registered Site Users: Please use the email and password you used when you registered for free site access for Subscription Insider.