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Canvas' assets and nearly 100 of its employees. All of the service's existing subscribers will have an opportunity to join Fair. "We just became bigger, more dominant platform," Fair CEO Scott Painter told CNBC. "This is really a reflection of the scale of where we're operating."
The two-year-old startups who can not qualify for traditional auto loans. Prospective car owners select a vehicle on the Fair app. They can then pay a monthly payment for the car, insurance and maintenance without committing to a long-term lease. The start-up partner in the process of launching a hail service. Eligible Uber drivers pay a weekly fee of $ 185 in order to access a pre-owned car through Fair with no credit requirement.
Fair has accumulated 45,000 subscribers so far and has launched in 30 different cities. Painter said that the company plans to expand both nationally and internationally before going public.
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