Uber Working with Fair to Get More Drivers on the Road

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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