Parkmobile, an Atlanta, GA-based provider of mobile payment solutions to municipalities and parking providers, closed a $6.3m financing.
The round was led by current investors BCD Holdings, Parkmobile Group, Fontinalis Partners and Bluefield Investments.
The company plans to use the funding to further expand globally.
Led by Cherie Fuzzell , CEO, Parkmobile provides municipalities, universities and private operators of all sizes with a mobile payment system that allows motorists to pay for parking through an application on their mobile phone as well as digital parking permits.
Since launching in the U.S. in 2009, the company has expanded its presence to more than 400 cities, universities, commercial and transit locations worldwide. Parkmobile’s solutions are available in such cities as Washington D.C., Los Angeles, Indianapolis and Houston.
To use the service, parkers register for free by downloading the mobile app or setting up an on-line account at www.parkmobile.com. Once registered, members can use the mobile app, the internet, or a toll-free number to pay for parking.