Hailo app says goodbye to US

 
Oliver Smith
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LONDON-based taxi app Hailo will pull out of the North American market as competition between rivals such as Uber and Lyft intensifies in the region.

The company, which partners with local taxi firms as opposed to competing with them like Uber, confirmed last night it would instead focus its expansion on new cities in Europe and Asia.

Hailo also announced founder and co-chief executive Jay Bregman would leave the business.

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