August 10, 2023
Moove Raises $76 Million to Provide Financial Services for Mobile...
Moove has secured $76 million in new funding to expand its financial services platform for mobility gig workers. The new funding consists of $28 million in equity from new and existing...
August 10, 2023
Deliveroo Orders Drop, but Customers Up Spending by 10%
Deliveroo Plc, the British food delivery company, posted strong earnings on Thursday (Aug. 10) for the first half of 2023, even while total orders fell 6% as the company looks to...
August 08, 2023
Uber Teams With Cover Genius to Insure Brazilian Drivers
Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber and Cover Genius’ distribution platform XCover to offer drivers embedded protection as well as...
August 08, 2023
Norwegian and Finnish Regulators Impose Ban on Yandex Over Data
Norwegian and Finnish regulators have imposed a ban on Yandex and its partner Ridetech International, prohibiting the transfer of personal data of customers of Yandex’s Yango ride-hailing app to Russia....
August 03, 2023
Singapore’s Watchdog Probes Grab’s Takeover of Trans-Cab
Grab, the popular ride sharing app, has recently proposed a takeover of Singapore’s third-largest taxi operator Trans-Cab. The Competition and Consumer Commission of Singapore (CCCS) had received Grab’s notification of...
July 28, 2023
European Union Investigates Spanish Regulations on Ride-Hailing Services
The European Union (EU) is looking into the tightening of regulations experienced by ride-hailing apps in Spain. The EU has opened a preliminary probe into whether the latest measures enacted by the...
July 18, 2023
Super App Companies Scale Back Plans Amid Funding Drought
While consumers are excited about super apps, some investors apparently aren’t as sure. As the Financial Times (FT) noted in a report Tuesday (July 18), companies like Singapore’s Grab and...
July 17, 2023
Ola Electric’s Rapid Growth Sparks Early IPO Plans
Indian startup Ola Electric Mobility is reportedly in line for an initial public offering (IPO) sooner than anticipated. This change is due to its success in India’s electric scooter market,...
July 10, 2023
Report: After 5 Years, Uber CFO Nelson Chai Plans to...
Uber Chief Financial Officer Nelson Chai is reportedly planning to leave the firm after five years. Chai told the company’s CEO, Dara Khosrowshahi, that he intends to move on, but an effective date has...