Mobile ticketing specialist secures growth funding

Mobile ticketing specialist Masabi has announced a US$12 million funding round with investment from leading international public transport operator Keolis, Lepe Partners, MasterCard, and existing investor MMC Ventures. According to Masabi, this latest round, including corporate partners for the first time, marks a step change in the company’s growth and speed to market. The announcement builds on strategic partnerships with MasterCard and Keolis. MasterCard and Masabi are working together to help drive
December 9, 2015 Read time: 2 mins
Mobile ticketing specialist 6870 Masabi has announced a US$12 million funding round with investment from leading international public transport operator 6546 Keolis, Lepe Partners, 1756 MasterCard, and existing investor MMC Ventures. According to Masabi, this latest round, including corporate partners for the first time, marks a step change in the company’s growth and speed to market.

The announcement builds on strategic partnerships with MasterCard and Keolis. MasterCard and Masabi are working together to help drive cash and its associated costs out of public transport including integrating the one-touch MasterPass digital wallet platform into JustRide. Keolis is working to include Masabi’s mobile ticketing into its integrated digital offering, dedicated to delivering a new passenger experience.

Masabi’s JustRide platform is a cloud-based, end-to-end mobile ticketing and fare collection system, in use in cities worldwide. It comprises award-winning 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. Masabi 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.

Related Content

  • June 5, 2015
    Mega trends will challenge transport technology
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
    Read More
  • February 21, 2013
    Siemens wins top ticketing award
    Siemens’ dual function smart card has been awarded the MasterCard Transport Ticketing Award 2013 in the category ‘Ticketing technology of the year’ at the recent Transport Ticketing Conference in London. The award marks Siemens UK launch of integrated mobility and eTicketing, part of the company’s expanding portfolio of ITS and city solutions. According to the company’s business development manager, Andy Gill, electronic ticketing from Siemens makes it easier for people to switch between different means of
    Read More
  • November 22, 2017
    MBTA chooses Cubic to deliver next-generation fare payment system
    Cubic Transportation Systems (CTS) has been selected by the Massachusetts Bay Transportation Authority (MBTA) to install a fare payment system for the region’s multi-modal transit system to allow payment flexibility for customers. The base contract award includes an approximate $575 million (£433 million) for implementation with ten years of operations and maintenance as well two five-year extension options. The agreement also involves a public-private partnership, in which Cubic and John Laing will
    Read More
  • November 19, 2013
    Thales uses standard smartphones to revolutionise mobile point of sale sector at CARTES 2013
    Thales, the UK-based information systems and communications security specialist, is planning to re-shape the mobile point of sale sector at CARTES 2013. The company will be sharing and demonstrating a range of solutions from leading mPOS device manufacturers on its stand at the show, as well as showing off the newly-announced members of its multi-partner ecosystem. “By working with Thales, Miura has been able to simplify and remove the complexity of delivering leading P2PE and Remote Key Injection services
    Read More

Highlighted Content