Masabi Raises $2.8M in Funding

Masabi, a London, UK-based provider of transit mobile ticketing and agile fare collection solutions, raised $2.8m in funding.

Backers included Fontinalis Partners, MMC Ventures and existing investor m8 Capital.

The company intends to use the capital to accelerate U.S. transit agency deployments.

Led by Ben Whitaker, CEO, Masabi provides JustRide, a cloud-based, transit mobile ticketing and fare collection system with mobile apps for ticket purchase, use, and ticket agent validation. The solution allows transit agencies to launch mobile ticketing and allow customers to purchase tickets without needing to wait in line.
The company’s technology is in use by more than 13 UK transit agencies and retail brands, including: Virgin Trains, First Group, CrossCountry Trains and
Masabi just announced the opening of its New York office and hired transit industry veteran Josh Robin as VP of Strategy and Business Development for North American operations.

The company is hiring (read here).



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