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Most Innovative Companies

Careem

Ride-hailing company Careem operates in over 120 cities from Morocco to Pakistan in the Middle East. The company became the region's first ever unicorn by treating ride hailing as a highly local enterprise, adding features like extra security measures for women and a different compensation system for women drivers as well as giving customers the option of paying in cash to accommodate the fact that the Middle East is one of the least banked regions in the world, and few people have credit cards. Month-over-month growth has been as high as 30%. The company has raised almost $600 million, according to Crunchbase, and its investors reportedly include lofty backers like Didi Chuxing, Daimler, and Silicon Valley’s Lumia Capital.

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