Sign up to save your podcasts
Or
Share #6 | Matthew Iommi | Fetii - On Demand Group Transportation
Share to email
Share to Facebook
Share to X
Share to email
Share to Facebook
Share to X
Or
#6 | Matthew Iommi | Fetii - On Demand Group Transportation
Matthew Iommi | Fetii - Revolutionizing How Groups & Businesses Move
Fetii transports groups and businesses together, on-demand
Fetii is a group rideshare app that lets both consumers and businesses order 15-passenger vans on-demand. Users pay using a QR check-in system that splits payments seamlessly amongst the group at time of boarding.
People love traveling with their friends but reserving a vehicle days in advance, with 5 hour minimums for a 10 minute ride, and splitting the bill for large group rides has always been a pain in the butt. It turns out that if you provide on-demand capabilities and move payment into an app like Fetii, it removes friction and people want to travel together a whole lot more.
Uber has shown that people love on-demand transportation, and it’s a massive business, but the ugly truth is that the unit economics of driving around 1 or 2 people are horrible. We’re taking the only profitable part of on-demand transport - transporting groups - where the unit economics are incredible and there’s still tonnes of demand.
About Matthew:
Matthew Iommi is the co-founder and CEO of Fetii, a group rideshare platform he launched in 2020 when he recognized the inefficiencies that groups undergo when they want to ride together. Prior to Fetii, Matthew ran a charter transportation company during his time at Texas A&M University. It was there he experienced firsthand the shortcomings of the old charter model and the yearning groups have for a better solution. Matthew graduated from Texas A&M University with a degree in Economics and a minor in Business Management.
--
🎵 Intro song by: Dyve
@onlyDyve on Instagram
https://www.youtube.com/c/Dyve-Team
🎥 Video edit by: Umar Brimah
@umarbrimah on Instagram
---
The Why We Strive Podcast sits down with successful startup founders, investors, and professional athletes to learn about what they strive for and why. Visit us at whywestrive.com to read watch interviews, learn more about the companies, and check out discounts from our sponsors.
---
Twitter: twitter.com/whywestrive
Instagram: instagram.com/whywestrivepod
View all episodes
By Cory McKaneMatthew Iommi | Fetii - Revolutionizing How Groups & Businesses Move
Fetii transports groups and businesses together, on-demand
Fetii is a group rideshare app that lets both consumers and businesses order 15-passenger vans on-demand. Users pay using a QR check-in system that splits payments seamlessly amongst the group at time of boarding.
People love traveling with their friends but reserving a vehicle days in advance, with 5 hour minimums for a 10 minute ride, and splitting the bill for large group rides has always been a pain in the butt. It turns out that if you provide on-demand capabilities and move payment into an app like Fetii, it removes friction and people want to travel together a whole lot more.
Uber has shown that people love on-demand transportation, and it’s a massive business, but the ugly truth is that the unit economics of driving around 1 or 2 people are horrible. We’re taking the only profitable part of on-demand transport - transporting groups - where the unit economics are incredible and there’s still tonnes of demand.
About Matthew:
Matthew Iommi is the co-founder and CEO of Fetii, a group rideshare platform he launched in 2020 when he recognized the inefficiencies that groups undergo when they want to ride together. Prior to Fetii, Matthew ran a charter transportation company during his time at Texas A&M University. It was there he experienced firsthand the shortcomings of the old charter model and the yearning groups have for a better solution. Matthew graduated from Texas A&M University with a degree in Economics and a minor in Business Management.
--
🎵 Intro song by: Dyve
@onlyDyve on Instagram
https://www.youtube.com/c/Dyve-Team
🎥 Video edit by: Umar Brimah
@umarbrimah on Instagram
---
The Why We Strive Podcast sits down with successful startup founders, investors, and professional athletes to learn about what they strive for and why. Visit us at whywestrive.com to read watch interviews, learn more about the companies, and check out discounts from our sponsors.
---
Twitter: twitter.com/whywestrive
Instagram: instagram.com/whywestrivepod