Executive Summary

In one sentence, what do you do?

TaxiPass has figured out how to get the $22 billion all cash taxi industry to like taking secure credit card payments.

What problem do you solve for and for whom?

Passengers want to pay by credit card for their taxi ride, but drivers don't, because taking cards for payment is too cumbersome, expensive and it takes too long to get cash. 

TaxiPass provides a secure painless way for people to pay by card, in a way where the cabdriver doesn't have to do anything, pay any fees as well as can get same day reimbursement.

What makes you different than anyone else in this space?

 No one else recognizes that if credit card acceptance doesn't work for the cabdrivers, it doesn't work.

What was the feedback received from your last investor or client discussion?

We have hit the tipping point.  Every major city in the US wants to be like New York City, but can't force the cabbies like they did in NYC...which is why they need TaxiPass to achieve this vision.

Provide 50 words or less that would get someone like Warren Buffet to listen your pitch.

TaxiPass is the US version of CabCharge, a publicly traded international company that had a $1 billion market 12 months ago (now $600 mm).  With 18k cabs with credit card machines, it processed $1 billion annually.  With 9% of the US market, TaxiPass can be the CabCharge of the US.

What is the one word that most of the people you talk to about your product or service use to describe it?

About time. 

Why are you "what's next" in payments?

The $22 billion taxi industry is the last all cash industry left in America. The vending machine industry ($15b) and Laundromat industry ($6b) rank 2^nd and third.

General Company Information

 Management information

 Jason Diaz, Founder and Chief Executive Officer

• 15 years taxi industry experience; Former management consultant, Monitor Company; Founder of Cab Watch (largest taxi association in the world)
• Wharton School of Business

 Hani Gobran, Chief Technology Officer

• Former lead developer of 25 personnel team, Hewlett Packard; Developed leading reservation management system for limousines

 "Corky" Stephen M. Gowans, Head of Western Region

• Founder, Respond Inc. (Exclusive ATM service for entire Western US with over 800 employees, sold to Loomis Fargo & Co. 2002); General Manager, Nevada Foreign Exchange
• University of Nevada

 Edward Ma, Head of Eastern Region

• Former high net worth portfolio manager, Neuberger Berman; Advisor, Cab Watch
• Stern School of Business, New York University 

Number of employees: 25

Funding Stage (i.e. Angel, Series A, B, C):  Angel (no institutional money has been received)

Where can we find you on the Web

• www.taxipass.com
• Contact email: jdiaz@taxipass.com