Masabi secures $12m from Lepe Partners, MasterCard, Keolis, and MMC Ventures to scale mobile ticketing
The funding round was led by Lepe Partners with strategic participation from transport and payment leaders.
≈ £8.0M at $1 = £0.6643 on 7 Dec 2015
Masabi provides mobile ticketing and fare collection software for public transport operators and agencies worldwide.
Masabi has secured $12m in growth funding led by Lepe Partners, with additional participation from MasterCard, Keolis, and MMC Ventures. The capital will be deployed to accelerate the global expansion of the company's JustRide mobile ticketing platform. This round marks the first time corporate partners have joined the investor base, strengthening existing strategic ties with major operators and payment networks.
From the founder
"Our mission is to transform everyday transport for millions of people in cities world-wide. The combination of Masabi, MasterCard and Keolis represents three companies working at the forefront of their respective fields to develop and deploy products, making this a reality,"
Brian Zanghi
CEO at Masabi
Investor perspective
"Technology is revolutionising city transport and Masabi is at the forefront of this movement, working in major global cities such as New York, London and Athens,"
Hany Fam
President MasterCard Enterprise Partnerships, Mastercard
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Masabi
Mobile ticketing platform for global public transport networks.