iCabb Taps Investment by RCI Bank and Services for Taxi Fleet Biz

Created and wholly owned by Groupe Renault, RCI Bank and Services provides a range of financial solutions to facilitate access to auto-mobility. The partnership sees an investment which will be used to help deliver the path to a new future for the taxi industry.

“Innovation is core to our business. The acquisition of a majority interest in iCabbi is consistent with RCI Bank and Services’ goal of becoming a service provider for mobility professionals, who we now offer a new, high-value added technological building block. With more than 300 million rides managed since its creation, iCabbi has very good knowledge of the market, which will help us continue to develop its business in line with Groupe Renault’s objectives,” said Bruno Kintzinger, Chief Executive Officer of RCI Bank and Services

“We believe taxi companies can play an integral part in the future of mobility. Having seen our customers adapt to many challenges and thrive, at iCabbi we are excited to have the support to develop new services to allow the industry maintain a unique position in multi-modal transport,” said Gavan Walsh, CEO, iCabbi.