“About 99 percent of businesses in the Philippines are SMEs and this is where Transportify’s value comes in. SMEs have very low margins, and by helping lower the logistics costs, we help these small businesses thrive in a very competitive environment,” added Kim.
The company, just like other transportation apps present in the market today, does not own vehicles or physical assets. However, it is an app that connects customers to drivers. It charges drivers a commission of 15% only.