11/01/2012 06:13 pm ET

New Taxi App Launches Today; Happy 'Hailoday', Everybody!

You heard it here, first, folks. A brand spankin' new cab app launched this morning right here in Chicago. The company is called Hailo and it's the world's largest and fastest growing taxi app. Beyond the capabilities of Uber, Hailo uses real-time traffic data, connects a custom-built cabbie back-end to the customer directly and accesses the customer's geo and payment info automatically.

The men behind the app, hailed as an overnight success have been refining the platform for a smooth three years, and are just now ready to Launch in Chicago.

Read more on Racked Chicago