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.

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