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Uber Working with Fair to Get More Drivers on the Road
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Uber Working with Fair to Get More Drivers on the Road

Uber Working with Fair to Get More Drivers on the Road

Fintech Nexus Staff·
FintechNews RoundupUSA
·May. 30, 2019·1 min read

Back in January, Uber sold their subprime-lending unit to the startup Fair; according to PaymentsSource, “…this gave the startup access to a pool of drivers that now make up roughly half of the company’s more than 30,000 active users”; in order to continue to serve drivers while not necessarily tying them down with a loan, Uber and Fair have partnered on a leasing solution where Fair leases a vehicle to drivers; drivers can offset the cost of payments to Fair by completing 70 trips per week; the program is also meant to help those who couldn’t otherwise get a traditional auto loan. Source

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