Nekso Brings In $5 Million

Transportation startup Nekso announced it has secured $5 million in financing led by Extreme Venture Partners.

Nekso, which was launched in Latin America in 2016, is a safe, legal and convenient platform for taxi drivers and users. It offers payments, ride hailing, data intelligence, and shared trips and delivery. The company’s “Taxi Beacon” is a machine learning system that can predict “hot spots” to help drivers increase revenue, reduce costs, and lower drive times. The service currently operates in Venezuela, Ecuador, Panama, and the Dominican Republic, and it is expanding to Colombia, Peru, Chile, Costa Rica, and Argentina in 2018. Nekso also plans to expand into Canada and the U.S.