iCabbi gets €1.5 million funding from BMS Finance

BMS Finance, the specialist provider of debt finance to small and medium-sized businesses, has provided €1.5 million in senior debt finance to taxi software company iCabbi.

The fast-growing cloud-based taxi dispatch software company was founded in 2010 to provide tax companies with the technology to compete against peer-to-peer taxi apps like Mytaxi and Uber.

The investment by BMS Finance is in the former of a senior secured loan to fund working capital to ...