Flit Ride

Tolotra Samuel Randriakotonjanahary

Country of deployment

Madagascar

Category*

Other

What problem does your business address?

Traditional cabs only have a passenger in the car 30–50% of the time. As a result, fares are high. Cabs never seem to be around when you need them, like late at night or in the pouring rain.

What solution do you bring to this issue?

Flit ride aims to disrupt the ride-hailing industry by introducing a marketplace connecting riders to existing taxi drivers. Using the Flit Ride mobile app, riders can request for rides and drivers can bid fare price.

Flit Ride is a peer-to-peer ride-hailing marketplace tailor-made for the African market. Flit Ride primarily targets Madagascar, Tunisia, Mauritius, Egypt, Senegal, Botswana, Liberia, Ivory Coast, Cameroon, Mali, Central African Republic, DR Congo, Burkina Faso. Through the Flit Ride mobile app, riders can now request for a ride a the touch of a button on their smartphone. Drivers can bid fare prices on an open market. Once a rider is matched to the driver, the platform will process the rider’s payment done through either mobile money, Flit tokens or credit card. Flit ride resolves the biggest challenges faced by existing ride-hailing application like Uber which is: low driver wages, leading to poor overall driver retention. Uber loses about a third of your drivers after every three months Despite the fact that Uber spends millions of dollars trying to incentive drivers to stay on their platform. Uber takes an enormous 20 — 25% fee of the total fare a rider pays. Typical Uber driver lives is near or at the poverty line. Unlike Uber, Flit Ride drivers would earn a higher wage as they will be able to keep 95% of their earning. Moreso, Flit ride will partner with existing taxi drivers instead of competing against them. Flit Ride unique is because it is very scalable. Flit Ride can virtually expand anywhere because And almost every country in the world still has a taxi service. Hence Flit Ride’s goal is not to just become a ride-hailing marketplace for the African region, its plan is to really disrupt the entire ride-hailing industry.

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