Fair Financial closes $100 million debt facility via Ally Financial

By Sarah Lizee

Olympia, Wash., Aug. 27 – Fair Financial Corp. closed a $100 million debt facility and an equity investment with Ally Financial, according to a press release.

The debt facility is designed to help the fintech startup secure vehicles for entry-level car customers who might not otherwise qualify for a traditional loan or lease.

Fair Financial's other credit providers include Credit Suisse, Goldman Sachs and Silicon Valley Bank.

Fair Financial provides vehicle subscription services. It is based in Santa Monica, Calif.

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