Masabi, a London, UK- NYC- and Boston, MA-based mobile ticketing and fare collection platform for transportation, raised $12m in funding.
Backers included international public transport operator Keolis, Lepe Partners, MasterCard, and existing investor MMC Ventures.
The company intends to use the funds for growth and go to market.
Led by Brian Zanghi, CEO, Masabi provides JustRide, a cloud-based, end-to-end mobile ticketing and fare collection system, which includes 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.
The company 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.