Technology and mobility company Cabify ended its fiscal year 2023 with record income levels, supported by the rise of tourism and its growth in the various sectors in which it operates. Specifically, its gross profit rose 40.9% year-on-year, to €102 million ($111.1 million), supported by the highest revenue levels ever …
Read More »Cabify will offer discounts and less waiting for its regular users
Mobility platform Cabify has launched its new loyalty program in Spain, Cabify Club, to offer incentives to its users and try to attract users of other competing platforms through discounts on their trips and special agreements with other companies. Cabify Club’s proposal is based on These are the users who …
Read More »Rakuten sells its Cabify debt to Riberas in the middle of the exit process
A new move by the giant Rakuten to abandon its foray into the mobility sector. The company led by Hiroshi Mikitani sold the convertible loans it held in Capify to Orilla Asset Management, the family office of the Ripace family. The Japanese company got rid of this debt, which amounted …
Read More »Uber and Cabify join forces for profitability in the mobility sector
According to the data shared by some VTC companies for the results obtained in the second quarter of this year and the global results for 2022, Cabify and Uber are positioned as two leaders in the sector, approaching the break-even point and even achieving profitability. On the other hand, Bolt …
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