Another taxi-hailing mobile app-maker is gearing up for a run at the New York City market in February when the city’s Taxi and Limousine Commission is expected to publish rules for using the apps. London-based Hailo is reportedly about to close a $30 Series B funding deal to back its play for a share of the market.

A report by All Things D named Fred Wilson of New York City-based Union Square Ventures as the probable lead investor. Sources have said that the new funding will put Hailo's value at approximately $140 million.

The startup has so far established itself in Boston and Chicago, following initial entry into markets including Dublin, London and Toronto. It is expected to face stiff competition from providers such as Uber in the New York market, where drivers will likely be required to select just one e-hailing service.

Hailo did not return requests for comment from All Things D.

For more stories like this, visit the in-app payment research center. 

Related Content

User Comments – Give us your opinion!
Products & Services

mMoney

http://global.networldalliance.com/new/images/products/7039.png

7039/mMoney

mFUSION - Mobile Marketing and Advertising platform

http://global.networldalliance.com/new/images/products/4536.png

4536/mFUSION-Mobile-Marketing-and-Advertising-platform

Cardholder Present

http://global.networldalliance.com/new/images/products/6745.png

6745/Cardholder-Present

In-App Billing

http://global.networldalliance.com/new/images/products/4533.png

4533/In-App-Billing

mPayment

http://global.networldalliance.com/new/images/products/7033.png

7033/mPayment

Direct Operator Billing (Direct-to-Bill)

http://global.networldalliance.com/new/images/products/4523.png

4523/Direct-Operator-Billing-Direct-to-Bill

QwickPAY Mobile POS

http://global.networldalliance.com/new/images/products/4293.png

4293/QwickPAY-Mobile-POS

Total-Custom Setup

http://global.networldalliance.com/new/images/products/6201.png

6201/Total-Custom-Setup

mBanking

http://global.networldalliance.com/new/images/products/7041.png

7041/mBanking

Highway Toll Payment

http://global.networldalliance.com/new/images/products/6747.png

6747/Highway-Toll-Payment

Wallet Wars
ATM & Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.