Trade Fastenal

Fasten company is an American vehicle for leasing company based in Boston, Massachusetts. The company, founded in 2015, ceased operations in the United States in 2018 and was acquired by The Visit Group. founded in 2015 by CEO Kirill Evdakov, CMO Roman Levitsky and CO Vlad Christophe, Fasten was first launched in September 2015 in Boston. In the initial round of funding, Fasten raised $9.2 million, fully contributed by Chairman Yevgeny Levoff. Using the company's mobile app, customers can send rides, which are then sent to the nearest available drivers. Fasten has confirmed that for every trip completed by the driver, the company takes only $0.99 in fare, which is a lower commission compared to competing transportation businesses such as Uber and Lyft, which take a percentage of the fare. In its first year, Fasten generated $500,000 in its first year in Boston, targeting most college students in the Boston and Cambridge area. The company offered promotions such as $5 for any trip less than 20 minutes, $3 from the first 100 rides, and free rides between midnight and 3 am, with Fasten paying for the difference between promotional prices and actual drivers' prices. To attract drivers, Fasten offered to pay drivers not only for the time the customer was in the car, but also for the distance and time covered by the driver when he was travelling to pick up passengers. In its first year, "The Fasten driver base in Boston grew by 300% quarter after quarter," Evdakov said. On March 2, 2018, the company announced to its drivers that it would close all Its operations in the United States. Fasten was acquired by The Visit Group, one of the top 10 rides companies in the world.