Cabify

Cabify

Verified
Connects private users and companies with the means of transport that best suit their needs. Its main objective is to make cities a better place to live. Learn more

Financials

Estimates*

Edit
Revenues, earnings & profits over time
USD20212022202320242025
Revenues521m688m998m1.4b2.1b
% growth-32 %45 %45 %45 %
Profit-79.0m---
% profit margin-11 %---

Source: Dealroom estimates

  • Edit

Recent News about Cabify

Edit
More about Cabifyinfo icon
Edit

Cabify is a transportation startup that operates in the ride-hailing market, similar to companies like Uber and Lyft. The company serves a diverse range of clients, including individual consumers and businesses, across eight countries and more than 40 cities in Latin America and Spain. Cabify aims to provide a safer and higher-quality travel experience through its app-based platform, which allows users to book rides with professional drivers and modern vehicles.

The business model of Cabify is straightforward. Users download the Cabify app, create an account, and can then book rides. The app shows the price of the journey upfront, ensuring transparency and eliminating any surprises. This feature is particularly appealing to users who want to manage their travel expenses more effectively. Cabify also offers a corporate service, allowing companies to manage their employees' travel needs through a single platform. This service includes features like real-time journey tracking, cost control, and the ability to set price, time, and zone limits.

Cabify makes money by taking a commission from each ride booked through its platform. This commission is a percentage of the fare paid by the user. The company also offers subscription plans for businesses, providing them with additional features and benefits in exchange for a recurring fee.

Safety is a key selling point for Cabify. Each journey is geo-tracked, and drivers are thoroughly vetted to ensure they meet the highest quality standards. The company has also implemented extra safety and hygiene measures to protect users, especially in light of the COVID-19 pandemic. Users can share their route in real-time with friends and family, adding an extra layer of security.

In summary, Cabify is a ride-hailing service that prioritizes safety, quality, and transparency. It serves both individual consumers and businesses, operating primarily in Latin America and Spain. The company generates revenue through ride commissions and corporate subscriptions.

Keywords: ride-hailing, transportation, safety, quality, transparency, app-based, professional drivers, corporate service, Latin America, Spain.

Tech stack

Group
Tech stackLearn more about the technologies and tools that this company uses.

Investments by Cabify

Edit
MOVO
ACQUISITION by Cabify Aug 2021