Overview

Masabi provides Fare Payments as a Service (FPaaS) to public transport agencies and operators worldwide, modernizing fare collection systems. Its main product is a mobile ticketing platform that allows transit agencies to offer branded mobile apps for ticket purchases, which can be deployed quickly. Additionally, Masabi integrates its ticketing system into popular third-party apps, enabling users to plan journeys and buy tickets conveniently. The company serves a variety of clients, from large metropolitan transit systems to regional operators, and offers a modular system that allows agencies to choose specific solutions that fit their needs. Unlike competitors, Masabi focuses on efficient and cost-effective solutions, generating revenue through service fees for its platform. The goal is to transform public transport fare collection by providing accessible and modern ticketing solutions.

Simplify's Take

What believers are saying

• Growing trend of contactless payments boosts Masabi's Open Payments solutions.
• Investment from Shell indicates strong market interest and growth potential for Masabi.
• Collaboration with Worldpay enhances Masabi's financial services integration and reliability.

What critics are saying

• Increased competition in FPaaS market may pressure Masabi's market share.
• Rapid technological advancements require Masabi to continuously innovate to stay competitive.
• Potential cybersecurity threats could impact Masabi's operations and customer trust.

What makes Masabi unique

• Masabi offers a modular fare collection system adaptable to various transit agency needs.
• Integration with popular apps like Uber enhances user convenience and accessibility.
• Quick deployment of mobile ticketing apps sets Masabi apart from traditional systems.

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Funding

Total Funding

$40.8M

Below

Industry Average

Funded Over

5 Rounds

$20,000,000

Series C

Apr 2019

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$20M

$40M

$50M

$62M

$100M

View all funding stages