yreCar Inc., the carsharing marketplace for ridesharing, has launched the HyreCar mobile application for both Apple iOS and Android devices to expedite the new driver onboarding and verification process.
The application was developed with Mitek, a provider of identity verification technology, to allow interested drivers to easily verify their identity when digitally applying to rent a car through HyreCar’s new seamless mobile interface. Proven to reduce fraud, Mitek’s technology is designed to expedite the booking and verification process by 30% and lower ID document forgery in the verification process by up to 20%.
These technology enhancements have contributed to HyreCar scaling annual rental days from under 400,000 for the fiscal year ending December 31, 2018 to an annualised run rate of over 550,000 rental days through the first two months of 2019.
“We are excited to launch the HyreCar mobile app for our drivers,” said Joe Furnari, CEO of HyreCar. “Reducing friction in our customer conversion channels is expected to accelerate revenue to the top and bottom lines. At the same time, risk reduction through the Mitek integration is expected to enable scale and reduce overhead costs. Overall, our approach to leveraging technology solutions in this new ecosystem of Mobility as a Service has made us an industry leader, moving thoughtfully and deliberately toward our future vision of personal transportation.”
“Empowering a good user experience while verifying new driver identities is the core focus of our partnership with HyreCar,” said Max Carnecchia, CEO of Mitek. “We’re committed to providing both trust and convenience with each digital transaction and are thrilled to be supporting HyreCar in their mission to safely, securely and seamlessly onboard more rideshare drivers.”