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

  • CoMotion LA Live 2020: report
    November 30, 2020
    November’s CoMotion LA Live event looked at new technology, emerging partnerships – and how Joe Biden’s ‘super-commuter’ status might just stand future mobility in good stead
    Read More
  • Verona buses get on board with Conduent contactless technology
    June 19, 2023
    Company continues its roll-outs in Italy with Azienda Trasporti Verona contract
    Read More
  • Chile is next stop for Cubic's Umo
    April 25, 2023
    Cubic Transportation Systems is bringing its Umo Mobility platform to Chile—the first Umo implementation outside North America.
    Read More
  • Transport ticketing award for Vix Technology
    January 28, 2014
    UK-based fare management and passenger information systems provider Vix Technology has been announced as the winner of the Transport Ticketing Technology of the Year award. The award, for continuing improvements to the fare collection system the company designed and operates for Salt Lake City’s Utah Transit Authority (UTA), recognises the advances made in applying contactless payment technologies Vix Technology’s open-payment electronic fare collection platform Vix eO, adding new fare payment products s
    Read More

Highlighted Content