Tagged: uber

Grab Acquires Uber’s Southeast Asia Operations Following Launch of Financial Services

Less than two weeks after announcing the launch of its new financial services, ride-hailing company Grab announced on Monday it has acquired Uber’s Southeast Asia operations. This deal is the largest-ever of its kind in Southeast Asia. Grab reported it will integrate Uber’s ridesharing and food delivery business in… Read More

Oh the Agony! 150 of 165 Invited Investors Did Not Respond to Uber Investment Offer in 2010

Hindsight is usually 20-20. And there are times when maybe you just want to close your eyes and go back in time. Below is an interesting tweet back that shares some interesting information from the early days of AngelList and Uber, when the ride sharing… Read More

Grab Turns to Indonesia with $700M to Invest in Mobile & Payments

Singapore-based company Grab, self-described as “Southeast Asia’s Leading Ride-Hailing Platform”, is investing $700 million in Indonesia to make the country ASEAN’s most digital economy.  Grab’s project will focus on mobile fintech features in the country, and in particular, on mobile payment. According to the company, the… Read More

Indian Demonetization & Rupee Reform: The Uber Moment Fintech Needed?

When Indian Prime Minister Narendra Modi announced in November that the country would no longer use its R500 and R1000 (approximately $7.50 and $15.00) currencies — which make up 86 percent of all cash in circulation in India — observers questioned the wisdom of the… Read More

Uber of the Skies Victor Seeks Series B Investments on Crowdcube

Victor is looking to disrupt the “flying on demand” jet charter market with a similar business model to that of Uber.  The company describes itself as such: “On-Demand Private Jet Charter. The widest choice of jets, times, routes and prices, all at your fingertips, with… Read More

Brief: Uber Teams Up With Fintech Bank Bankaool to Launch Its First Debit Card in Latin America

Photo courtesy Wikimedia Commons

On Friday, Uber and Mexican fintech bank Bankaool announced they have team up to launch Uber’s first ever debit card in Latin America. The online transportation network company revealed that the Uber Bankaool card has been available since October 21st and offers users who do not have… Read More

Travel Website Vakay Announces Promotional Partnership With Uber After Crowdcube Launch

Vakay, a holiday search platform, recently launched a campaign on equity crowdfunding platform, Crowdcube. The company is seeking to raise £100,000 for the development of its website features and marketing. The new travel website, which was incorporated in 2015, offers users destination recommendations based on their budget… Read More

Sberbank, Largest Bank in Russia, Invests in Uber

Bank’s are not known for taking on risk – they are known for avoiding it as much as possible. This is not the case with Sberbank, the largest bank in Russia, and their venture fund as they see opportunity in the digital future. Sberbank’s SBT… Read More

FundedByMe and Uber Partner on Forthcoming Event

FundedByMe and Uber are partnering on a forthcoming event scheduled this month (March 18) in Malmö.  The duo are both said to be expanding operations into the city and combining as they both launch services with ‘Världens Bästa After Work’ at Media Evolution City.  The event… Read More

London’s Black Cabbies Hit Crowdfunder UK to Fight Against Uber’s Operation License

London’s black cabbies have taken to Crowdfunder UK with a mission to secure £600,000 as a way to challenge the Uber’s license to operate in the city. The Action for Cabbies campaign is on a mission to help save the iconic black cab trade and the… Read More

Lyft Receives $500 Million from GM, Now Valued at $5.5 Billion

Uber competitor Lyft has received a $500 million investment from General Motors that now values the company at approximately $5.5 billion.  According to a statement from GM, the two companies will work together as part of a long-term strategic alliance to create an integrated network… Read More

Former CEO of Barclays: “The Number of People & Branches Employed by the Financial Services Sector May Decline by as Much as 50%”

Anthony Jenkins, is a former CEO of Barclay’s Group having managed the global firm from 2012 to 2015. He was sacked by John “Mack the Knife” McFarlane in the summer of 2015. Jenkins had set out to tackle a “culture of self-enrichment” and to refocus… Read More

How Much Money Would You Be Worth if You Had Invested in Uber on AngelList?

Uber is a poster child for the collaborative economy and the new breed of unicorns cropping up. The profound success of Uber and their disruptive approach to public transport has flipped the taxi-cab industry upside down – for the better. Sure, they are marching in… Read More

Does it Matter Who Does the Lending on Peer-to-Peer Lending Platforms?

This is a question I get asked a lot. And the usual line of thinking of those asking the question is that it does matter.  The common assumption is that the increased activity of “institutional” funds is crowding out the core retail investors that platforms… Read More

Cinemeet Launches FundedByMe Initiative to Raise Nearly €200,000 For Movie Lover’s Tinder-Like App

Earlier this month, Swedish-based startup Cinemeet  launched an equity crowdfunding campaign on FundedByMe to raise €190,000 for its Tinder-like app that’s set to help singles go on a date at the movies. Cinemeet started in Sweden 2014 and is now headquartered in California. The company secured a crowd funding… Read More

Taxi App Ingogo Sets Records On The Australian (Crowdfunding) Racetrack: Update

Valuation Placed at $100 Million. You might not expect a taxi to win on the racetrack, but Australian taxi app Ingogo is setting records for making the (funding) rounds. The company, launched in 2011, just announced that it closed A$12 million in a new funding round through… Read More

UBER & Zopa Hook Up to Help Drivers Purchase Cars

Zopa, the first peer to peer lender in the UK, has partnered up with another innovative firm UBER. The now (almost) ubiquitous ridesharing / cab replacement company is entering into a new service.  UBER and Zopa have created a new marketplace that will assist UBER drivers… Read More

Miss Out on Lyft’s $530 Million Series E Funding Round? Maybe Not

This past March, UBER competitor Lyft closed a Series E funding round that delivered $530 million in capital to the young company and a hefty $2.5 billion valuation.  This funding round was led by Japanese firm Rakuten, but earlier rounds (and perhaps this one) included big… Read More

Uber Driver & Terminally Ill Ken Broskey Successfully Gains Over $100,000 in One Week on GoFundMe to Pay Off Mortgage for His Family

Last week, transportation giant Uber Detroit announced the launch of the #UberPartnerKen Movement, which was to help a GoFundMe campaign for one of its drivers, Ken Broskey, as he tries to pay off his mortgage before he passes away from cancer. As previously reported, Uber announced that it… Read More

SALLON Mobile App Seeks £111,000 on Funding Tree to Become the Uber For Salon Customers

Ready to bring a new service to smartphones, UK-based SALLON launched a crowdfunding campaign on Funding Tree for its new salon booking and networking mobile app. According to its description, SALLON app works on the same principles as transportation booking app, Uber. This new network is perfect for city dwellers who… Read More

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