Taxi app FreeNow sees profits triple as annual turnover rises 73%

Firm turnover rose to €38.4m in 2022 despite a surge in new competitors entering the market 

Freenow, formerly known as MyTaxi prior to its rebranding in 2019, was founded in 2009 and is one of the largest mobility apps in Europe. Pic:Naoise Culhane

Pre-tax profits at the firm which operates the taxi app Free Now more than tripled last year, rising to €4.95m as the cab industry recovered from a pandemic-induced slump. 

Up from a pre-tax profit of just €1.6m in 2021, accounts filed by Free Now Ireland Ltd also report a 73% increase in annual turnover, rising to more than €38.4m in 2022 despite a surge in new competitors.