To Beat Uber and Lyft, This Startup Vows to Give Its Drivers the Full Fare

Although Nomad says that it's rides are 20% cheaper than Uber/Lyft, it doesn't seem like they'll be able to give out rider credits easily. My several $5 monthly credits on Uber/Lyft amount to much more than 20% of my fair (especially with short/medium length rides). I choose what service I used based of price and promos.

We've seen that that startups lose a ton of money trying to get customers, hopefully they can use this coolness factor to their benefits on college campuses.

I understand that they want to give the driver 100% of the fee, but charging them for insurance (or needing to find insurance) seems a little conterintuitive to me. If a driver only did a few Nomad rides in a month (it is the gig/on demand economy after all) they may not even make the amount to pay for their monthly driver/Nomad insurance. To me, this breaks the idea of the Gig economy, "work when you have extra time and get paid."