10 years ago

Masabi Secures $12 Million for Mobile Ticketing Platform Expansion

  • Masabi, a London-based mobile ticketing and fare collection platform for transportation, raised $12 million in funding

  • The company intends to use the funds for growth and go to market

  • Masabi provides JustRide, a cloud-based, end-to-end mobile ticketing and fare collection system, which includes apps for ticket purchase, display and inspection, together with back-end infrastructure for secure payments, ticket management, ticket inspection, customer service, reporting and real-time analytics

  • The company works with more than 22 transport operators and agencies around the world, including Virgin Trains, Abellio, Thames Clippers, New Orleans RTA, Boston’s MBTA, Las Vegas, Transport for Athens, and New York’s MTA.

      • ProblemTechnology Infrastructure

      "Buying and validating tickets for public transportation is still a cumbersome process in many parts of the world. It involves paper tickets, complicated machines, or long queues. This is time consuming and inefficient for commuters and for transportation operators."

      Solution

      "Masabi's JustRide is a mobile ticketing platform that lets commuters buy, display, and validate tickets on their mobile phones. It integrates with existing transit systems and provides a seamless experience for commuters. It also offers features for ticket management, customer service, reporting, and real-time analytics for transport operators."

      Covered on