The makings of a multi-service platform begin with a sound vision, a willingness to leverage automation to do the heavy lifting and using data as a compass to pivot The pandemic tested most enterprises. For the team at Careem, it was an opportunity to realise its vision since Careem was never a pure mobility service. […]
Careem announces the acquisition of the assets of Denarii, a Dubai-based money transfer platform that integrates fintechs and financial institutions with remittance aggregators, banks, exchanges and wallets globally. Founded in 2019 by Jon Santillan and Walfrido Perez, Denarii’s proprietary money transfer technology uses a single API call to enable fintechs like Careem Pay to facilitate […]
Careem, the region’s multi-service platform, announces the acquisition of MUNCH:ON in the UAE. Founded in 2016 by Mohammad Al Zaben, Dana Baki, and Awn Ali, MUNCH:ON is a subscription-based food delivery platform which connects customers to meals at a discount by tapping into an underutilised kitchen capacity and using scheduling, bundling and routing software. The […]
Careem is shifting its focus from ride-hailing to financial services, in a move that will position the super app as a key fintech player in the Middle East and Pakistan market. After securing regulatory approval and a partnership with First Abu Dhabi Bank (UAE) and its payment solution partner Magnati, Careem can now offer a […]
Dubai-based ride hailing app Careem has added car rental services to its app in partnership with car subscription service, Swapp. Swapp allows customers to browse cars on its app, and rent them on a monthly basis, initially for a minimum of 30 days, after which they can renew, return the car or swap it for […]
Careem, the region’s multi-service platform, has opened its highly popular food delivery service to its customers in Qatar, bringing the best selection of Qatar’s diverse food scene to customers’ doors in minutes. The Careem app helps restaurant owners to expand their customer base, payments, and logistic capabilities. Food partners gain access to Careem’s 55 million […]
The economic recovery in the Mena region and Pakistan has bolstered the growth of Careem, a multi-service platform, with mobility of people transactions growing by 2.6x compared to December 2020. Mudassir Sheikha, CEO and co-Founder at Careem, said, “This year, we started simplifying the lives of people in more ways than just seamless transportation. Customers […]
Dubai-based Careem aims to have over 100 dark stores across the region by the end of 2022. Careem is expanding the groceries offering on its Super App by launching Quik, a new ultra-fast grocery delivery service that offers customers supermarket competitive prices across a range of everyday grocery items 24/7 in as little as 15 […]
Amazon.com’s Middle Eastern rival Noon.com is set to draw as much as $2 billion in financing from investors including Saudi Arabia’s sovereign wealth fund over three to four years, as it seeks to capture a larger slice of the Gulf eCommerce market. The investments from the Public Investment Fund and others will be used to […]
The UAE-based B2B marketplace Elkaso has successfully raised $2.1 million in its latest funding round. The pre-seed round was led by Global Founders Capital and MSA Capital and recorded participation from key strategic global and regional investors including former and current leaders of Careem, Delivery Hero, Apple, Faith Capital, Talabat, Eyewa, and Instashop. Founded in early 2021 by entrepreneurs Manar Alkassar and Ahmed Soliman, Elkaso provides a […]
