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New Ride-Hailing Company Invests in Pakistan

With an initial investment made through its technology partner, MYTM, a start-up housed in Ignite’s National Incubation Center, RiDE, a leading ride-hailing company from Saudi Arabia, has taken a risky step in Pakistan.

At a meeting with Ignite National Technology Fund, RiDE made this announcement. Participants included Dr. Zain Farooq, CEO of MYTM, Abdullah Al Tawjari, CEO of RiDE, Hisham Almalik, CEO of Mithqal Holding, Nasser Almubirik, COO of RiDE, Jawad Mahmood, Co-Founder of MYTM, and CEO and GM of Ignite.

It is anticipated that RiDE’s arrival into Pakistan’s ride-hailing market will open up new prospects for both drivers and passengers. Through its cooperation with RIDE, MYTM will play a key role in promoting financial inclusion by providing cost-effective ride services and cutting-edge financial technology solutions.

Read More: iPhone Manufacturer Reports Fall in Revenue as Demand Weakens

The goal of RiDE is to empower individuals to move freely and effectively while also having a beneficial social and economic impact on the areas it serves. RiDE does this by offering secure, dependable, and convenient transportation choices.

“We are thrilled to welcome RiDE to Pakistan, and we are proud to be their technological partner in this endeavour,” stated Dr. Zain Farooq, CEO of MYTM. We at MYTM think that ride-hailing is a crucial component of our objective to empower individuals through financial inclusion. 

We are convinced that our collaboration with RiDE will open up new options for Pakistani drivers and riders, and we are looking forward to working together to establish an environment that is just and sustainable for everyone.

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