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.

For more information on companies in this article

Related Content

  • Cubic and partners develop gateless technologies to speed passenger management
    September 15, 2016
    Cubic Transportation Systems (CTS) is to collaborate with a diverse team of industry and academic partners to develop a prototype that integrates future ticketing technologies to support a doubled rate of passenger throughput at fare gates in train stations. According to travel projections, the number of journeys for passenger rail is likely to double over the next 30 years. Cubic’s submitted proposal, Fastback Gateless Gate line, to the Railway Standards and Safety Board’s (RSSB) Future Ticketing Detec
    Read More
  • Mixed results for public-private traffic management partnerships
    January 25, 2012
    David Crawford looks at the somewhat patchy success to date of trying to involve the private sector in operating traffic management centres
    Read More
  • Detroit introduces unified bus payment system
    August 15, 2019
    Detroit authorities have launched a ticketing scheme to encourage bus ridership – a new venture which dovetails with existing initiatives to improve mobility, Ben Spencer reports The Detroit Department of Transportation (DDoT) has partnered with the Suburban Mobility Authority for Regional Transportation (SMART) to launch a unified payment system – called Dart - for the US region’s buses. Detroit’s mayor Mike Duggan says: “Dart will bring our two systems closer together with seamless transfers and more f
    Read More
  • CARTES 2014 where ‘users on the move’ is the central theme
    October 24, 2014
    A message from Isabelle Alfano, Exhibition Director, CARTES Network ‘Users on the move’ is the central theme of this year’s show. A great number of services, devices and systems are built around a new way of life made to fit users’ mobility.
    Read More

Highlighted Content