Fair Acquires Ford’s subscription service Canvas
US-based vehicle subscription provider Fair has acquired Canvas, the vehicle subscription service set up by Ford Motor Credit in 2017. The exact terms of the deal have not been disclosed.
The entire staff of Canvas will make the transfer to Fair, and its customers - around 3800 subscribers in San Francisco, LA and Dallas - are also invited to join Fair, once their current subscription runs out.
Fair has a history of acquiring companies in its field. In 2018, it purchased Uber subsidiary Xchange Leasing, and vehicle-delivery app Skurt.