PYMNTS-MonitorEdge-May-2024

ride-hailing

Careem Concludes Operations In Sudan
Careem Concludes Operations In Sudan
July 01, 2019  |  Retail

Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by...

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Grab Raises Another $300M To Accelerate SE Asia Expansion
Grab Raises Another $300M To Accelerate SE Asia Expansion
June 27, 2019  |  Investments

Southeast Asia’s largest ride-hailing company, Grab, has raised $300 million from Invesco, an asset manager, according to a report by Reuters.  “The additional investment in...

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Waymo Brings Self-Driving Vehicles To Lyft Passengers
Waymo Brings Self-Driving Vehicles To Lyft Passengers
June 27, 2019  |  Retail

To make autonomous vehicles available to ridesharing passengers, Alphabet subsidiary Waymo is teaming up with ride-hailing firm Lyft. The trips are limited to a certain...

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Gig Worker Insurance Startup Zego Raises $42M
Gig Worker Insurance Startup Zego Raises $42M
June 18, 2019  |  Investments

Zego, a London-based startup that provides insurance for gig workers, has raised $42 million in a Series B funding round, according to reports. The round...

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Ola Ride-Hailing Startup To Build Silicon Valley Tech Center
Ola Ride-Hailing Startup To Build Silicon Valley Tech Center
June 13, 2019  |  Ridesharing

Indian ride-hailing startup Ola, which is backed by SoftBank Group, is planning to build a technology center in Silicon Valley — right near rival Uber....

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Grab Considered Buying Payments Provider 2C2P
Grab Considered Buying Payments Provider 2C2P
June 13, 2019  |  South East Asia

In a sign of Grab’s ambitions in the financial services space, the Singapore ride-hailing firm reportedly had discussions to acquire payments provider 2C2P Pte. Unnamed sources...

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Uber Presses The Gas On Autonomous Vehicles Via Volvo
Uber Presses The Gas On Autonomous Vehicles Via Volvo
June 13, 2019  |  Innovation

Drivers of cars and trucks are not a diminishing breed – in fact, there is an ongoing U.S. shortage of drivers to haul freight long...

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Citi Teams With Grab On Co-Branded Credit Cards
Citi Teams With Grab On Co-Branded Credit Cards
June 11, 2019  |  Partnerships / Acquisitions

Citigroup is teaming up with Grab, the ride-hailing startup out of Singapore, to roll out co-branded credit cards. Reuters, citing Gonzalo Luchetti, Citi’s head of...

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Uber Plans Expansion Into Financial Services
Uber Plans Expansion Into Financial Services
June 10, 2019  |  Payments Innovation

Uber is expanding its services and moving toward providing financial products, according to a report by CNBC. The company has reportedly been hiring numerous product...

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