Fair funding of around $50M, acquires rental car delivery service Skurt

techcrunch.com

Just a week after we reported that Fair was acquiring the leasing portfolio of Xchange Leasing from Uber, the flexible car-ownership startup is making two more moves. Today, the company confirmed that it has raised another round of funding led by next47, the VC firm backed by Siemens; and it has made another acquisition, of Los Angeles-based Skurt, a service that lets you rent a car, and then delivers that vehicle to you.

Flexible ownership of cars is an interesting twist on car ownership and auto-lending. I expect to see a lot more activity from newer companies in this space as traditional FI's continue to reduce exposure to the subprime auto lending market. 

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