“The acquisition of a majority interest in iCabbi is part of RCI Bank and Services’ goal of becoming a service provider for mobility professionals, to whom 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,” says Bruno Kintzinger, Chief Executive Officer of RCI Bank and Services.

[1] An automated Cloud-based fleet management solution

[2] PHVs : Private Hire Vehicles

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About RCI Banque S.A.

Created and wholly owned by Groupe Renault, RCI Banque S.A. is a French bank specializing in automotive financings and services for the customers and dealership networks of Groupe Renault (Renault, Renault Samsung Motors and Dacia) worldwide, the Nissan Group (Nissan, Infiniti and Datsun) mainly in Europe, Brazil, Argentina and South Korea and through joint ventures in Russia and India, and Mitsubishi Motors in the Netherlands.

RCI Bank and Services has been the new commercial identity of RCI Banque S.A. since February 2016.

With nearly 3,400 employees in 36 countries, RCI Bank and Services financed over 1.77 million contracts (for new and used vehicles) in 2017 and sold more than 4.4 million services.

At end-December 2017, average performing assets stood at €39.6 billion of financings and pre-tax income at €1,077 million.

RCI Bank and Services has rolled out a deposits collection business in four countries since 2012. At end-December 2017, net collected deposits totaled €14.9 billion, or 34% of the company's assets.

Find out more about RCI Bank and Services: http://www.rcibs.com

Follow us on Twitter: @RCIBS

About iCabbi

Founded in Dublin in 2010, iCabbi provides dispatch management software to taxi fleets across Ireland, the UK, the US and Canada. iCabbi’s vision is to deliver the taxi industry’s Intelligent Dispatch & Customer Growth Mobility Platform , and along with its partners, provide innovative products and services that keep taxi in the centre of urban mobility.

Find out more about iCabbi: http://www.icabbi.com

Follow us on Twitter: @iCabbi