Masabi (company)

Masabi is a London based technology company that develops and markets mobile ticketing services for public transport companies. The company builds mobile apps for electronic ticket and fare collection, allowing users to buy tickets by app, and allowing the bus or rail conductor to check the tickets by mobile phone. The company's customers include public transit authorities in Boston, London, Athens, Las Vegas [1][2] and Los Angeles.[3]

The company was founded in 2001.[4] In 2012, the company launched the first ticketless rail system in the United States, for the Massachusetts Bay Transportation Authority.[5] In December 2015, the company raised $12 million in venture capital from an investor group including the public transport operator Keolis, MasterCard, Lepe Partners and existing investor MMC Ventures.[2][6]

References

  1. ↑ "Mastercard-backed mobile ticketing app raises $12M". CNBC. 7 December 2015.
  2. 1 2 "Masabi raises $12m to destroy the paper ticket". Daily Telegraph. 6 December 2015.
  3. ↑ "Los Angeles’ Metrolink selects UK's Masabi for mobile ticketing system". Railway Technology.
  4. ↑ "Mobile Ticketing Solution Masabi Raises $2.8M To Help Transit Agencies Move To The Cloud, Opens New York Office". TechCrunch. 20 March 2013.
  5. ↑ "Masabi Launches U.S.’s First Ticketless Rail System". Wall Street Journal. 23 April 2012.
  6. ↑ "Keolis takes share in Masabi". Railway Gazette International. 10 December 2015.

External links

This article is issued from Wikipedia - version of the Tuesday, February 09, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.