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Overview
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About Fair
Industries
Automotive & Transportation
Consumer Software
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$2.1B
Headquarters
Santa Monica, California
Founded
2016
Simplify's Take
What believers are saying
- Fair raised $1.44M pre-seed funding led by Blue Collective, Antler, Redbud.
- Fair's pipeline shows over $8M potential Annual Recurring Revenue.
- Fair Holdings under Scott Painter acquired TrueCar to boost transparency.
What critics are saying
- Carvana's $4.5B market cap crushes Fair via aggressive inventory in 6-12 months.
- TrueCar's 25% YoY traffic decline diverts Fair resources in 12-18 months.
- 40% churn from high fees and terms repeats Fair's 2020 near-collapse in 3-6 months.
What makes Fair unique
- Fair offers smartphone app for full car shopping, approval, and transaction without FICO impact.
- Subscription at $300-$400 monthly includes tax, warranty, maintenance, and roadside assistance.
- Fair provides 3-day/100-mile return policy with median $1,080 startup fee.
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↑ 0%TrueCar Stockholders to Receive $2.55 per Share in Cash; the Equity Value of the Transaction is Approximately $227 Million TrueCar Founder Scott Painter to...
Fair™ has successfully closed an oversubscribed pre-seed funding round, raising $1.44 million. The round was led by Blue Collective, Antler, and Redbud. Fair's platform has over $8 million potential Annual Recurring Revenue (ARR) in its current pipeline. CEO William Betteridge expressed excitement about the support from investors, which will help further develop Fair's technology and expand its market presence.
The Fair, in partnership with San Luis Obispo shops Captain Nemo and Dr. Cain's Comics, will give visitors a "comic-con" experience locally.
Moreover, the Fair has launched a new programme titled Book of the World, which highlights precious works that have influenced world culture.
Expected Bid Deadline: January 23, 2024. Expected Auction: January 25, 2024. NEW YORK, Jan. 9, 2024 /PRNewswire/ -- Hilco Streambank announced it is seeking offers to acquire the software and related intangible assets of Shift Technologies, Inc., and its subsidiaries, a consumer-centric omnichannel retailer for buying and selling used cars. The assets available for sale include the proprietary software underlying the company's technology stack, as well as legacy source code enabling prior acquisition target's technologies, over 100 domain names including Shift.com, Fair.com, and CarLotz.com, U.S. trademarks for "Shift" and "CarLotz", and U.S.-issued patent US10664808
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About Fair
Industries
Automotive & Transportation
Consumer Software
Financial Services
Company Size
51-200
Company Stage
Debt Financing
Total Funding
$2.1B
Headquarters
Santa Monica, California
Founded
2016
There are no jobs for Fair right now.
Find jobs on Simplify and start your career today