<article>MVL Foundation, the backer of Singapore&#8217;s first blockchain ride-hailing service, launched TADA taxi on Thursday. Meanwhile, Singapore&#8217;s ex-minister Mah Bow Tan has invested in fintech firm HydraX.
<h3>MVL kicks off TADA taxi operations</h3>
<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=MVL+Foundation">MVL Foundation</a>, the company behind Singapore’s first blockchain ride-hailing service <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=+TADA">TADA</a>, launched TADA Taxi on Thursday, according to an official announcement.</article>

MVL Foundation, the backer of Singapore&#8217;s first blockchain ride-hailing service, launched TADA taxi on Thursday. Meanwhile, Singapore&#8217;s ex-minister Mah Bow Tan has invested in fintech firm HydraX.
<h3>MVL kicks off TADA taxi operations</h3>
<a style="color: #000080;" href="https://www.dealstreetasia.com/?s=MVL+Foundation">MVL Foundation</a>, the company behind Singapore’s first blockchain ride-hailing service <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=+TADA">TADA</a>, launched TADA Taxi on Thursday, according to an official announcement.
The move comes after MVL received the Third Party Taxi Booking Service Provider license from the Land Transport Authority on November 7.
The TADA taxi app allows commuters to book rides from taxi drivers who have registered with MVL. The company claims around 2,000 taxi drivers have registered with it so far.
The new service will operate on a zero-commission model and will not impose any levy imposed on the booking fee set by taxi companies for drivers.
MVL said demands from commuters and drivers are increasing and it wants to solve the pain points from both parties as commuters look to book a taxi conveniently at a fair price while taxi drivers suffer from low earnings and spend more time waiting for passengers.
&#8220;TADA Taxi will benefit drivers who find that driving taxis may help them generate more revenue, and certain demographics of riders who ultimately prefer taxis over private-hire car options,” said MVL&#8217;s chief executive Kay Woo.
<h3>Former SG minister invests in HydraX</h3>
Former cabinet minister Mah Bow Tan has joined a group of industry executives in investing in Singapore-based fintech firm <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=HydraX">HydraX</a>.
HydraX offers a digital trading platform providing instantaneous price discovery and asset transfers across exchanges for retail traders and professional quants.
Other investors in HydraX include SGX senior vice president Mohamed Nasser Ismail, Moovaz CEO and co-founder Junxian Lee, Honestbee co-founder Isaac Tay, Keppel Capital CFO Paul Tham, Oceanus Group CEO Peter Koh, Global Yellow Pages CEO Stanley Tan and Lumiere Capital co-founder Victor Khoo.
Mah was Singapore&#8217;s Minister for National Development from 1999 to 2011 and Minister for Communications from 1988 to 1999. Along with his investment, he has been appointed as the company&#8217;s advisor and director. He is currently also non-executive chairman of Global Yellow Pages Ltd and chairman of GlobalCities Sustainable Investment Pte Ltd.
“We are honoured to have this group of distinguished individuals joining us as advisors and investors. Their support is an endorsement of HydraX’s vision and a testament to our commitment to becoming the next-generation trading solution for today’s digital asset traders,” said Trina Gan, CMO of HydraX.

SG Digest: MVL launches TADA taxi; Former minister invests in HydraX

MVL kicks off TADA taxi operations

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SG Digest: MVL launches TADA taxi; Former minister invests in HydraX

MVL kicks off TADA taxi operations

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