Masabi raises $20m to expand ticketing platform

Masabi has secured £20 million in a funding round to accelerate the expansion of its mobility platform Justride. Masabi says Justride removes the need for passengers to buy a ticket by allowing them to tap a contactless bank card, mobile phone or smart card to travel. The round of investment, led by venture capital firms Smedvig Capital with MMC Ventures, is expected to allow the company to bring its ticketing and payments technology to more cities and transit operators around the world. Addition
May 8, 2019 Read time: 1 min
6870 Masabi has secured £20 million in a funding round to accelerate the expansion of its mobility platform Justride.


Masabi says Justride removes the need for passengers to buy a ticket by allowing them to tap a contactless bank card, mobile phone or smart card to travel.

The round of investment, led by venture capital firms Smedvig Capital with MMC Ventures, is expected to allow the company to bring its ticketing and payments technology to more cities and transit operators around the world.

Additionally, Masabi says it will also use the fund to work with partners such as Uber, Jorudan and Keolis in making it easier for people to discover and access public transit services.

For more information on companies in this article

Related Content

  • Conduent brings account-based ticketing to Victoria
    May 19, 2023
    Myki public transit payment system will be upgraded to account-based model
    Read More
  • An innovation lab – not a burden
    June 27, 2018
    Travellers want to be able to book multimodal journeys easily – and to be informed of problems and alternatives as they go. Adam Roark might just be able to help, finds Ben Spencer. The global shift in transportation towards members of the public wanting access to multimodal journeys is rapidly changing how people pay and plan ahead. Buying tickets from a machine and dealing with the frustration of discovering your train is cancelled is a scenario commuters want to avoid through technology’s ability to
    Read More
  • Sensys Networks lands $8.5 million in funding
    March 2, 2012
    Sensys Networks, a leading provider of integrated wireless traffic data systems for smart cities, has raised US$8.5 million in a new round of funding led by Siemens Venture Capital (SVC) with participation from existing investors Fuse Capital, Horizon Ventures, Voyager Capital and Gruener Ventures. SVC’s Michael Sears will also join the board of Sensys Networks. Describing the funding as an important milestone for the company, Dr. Amine Haoui, CEO of Sensys Networks, said, “This capital will allow Sensys Ne
    Read More
  • Thales wins Taipei metro ticketing deal
    November 23, 2023
    Firm will work with MiTac Information Technology Corporation in Taiwan’s capital region
    Read More

Highlighted Content