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


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. 


Want to receive more content like this in your inbox?