Dear Investors,
We are pleased to provide an exciting update on Frenzi's ongoing discussions with the GMB Union regarding a recognition agreement for our drivers. With over 3,000 drivers currently on our platform, this agreement will play a crucial role in ensuring their rights and well-being are prioritized, while also driving operational improvements for the company.
These talks have been highly constructive, and we are confident that a formal recognition agreement with GMB will strengthen our standing as an ethical and forward-thinking employer in the gig economy. Beyond immediate benefits like fair representation for our drivers, this agreement would also provide Frenzi with valuable access to GMB’s network of over 620,000 members, of which more than 100,000 are taxi and private hire drivers. This presents a tremendous opportunity to expand our reach and build connections with a broader driver community.
This partnership with GMB will not only elevate driver satisfaction but also enhance our ability to attract and retain top talent from GMB's extensive membership base, further solidifying Frenzi's growth and market position.
We will continue to keep you updated as we finalize this landmark agreement and look forward to sharing more positive news soon.
Thank you for your continued support.
Best regards,
Frenzi Team
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