Vehicle subscription fintech Fair sees 40% customer growth
Vehicle subscription service Fair.com, a pioneer of short-term leasing options, has reported 40% month-over-month customer growth for the last two quarters.
The company also reported having over 2% of the total addressable market in Los Angeles, its initial launch city. With 1,700 dealer partners nationwide, Fair say it has been able to accelerate its expansion into key US markets and offer consumers over 40 brands of cars, trucks and SUVs, including eco-friendly and luxury models.
Scott Painter, Fair founder and CEO, said: “We’re going through fast geographic expansion. The US has the largest used vehicle market with 40 million cars, and that’s a massive opportunity for us. “We’re seeing the viral coefficient kick in as markets mature to our model and become more predictable, but our growth is also fueled by our partnership with Uber, which has really started to bear fruit as we deeply integrate and push volume that expands Uber’s own driver community.”