Overview

Masabi provides Fare Payments as a Service (FPaaS) to public transport agencies and operators around the world. The company modernizes fare collection systems by replacing outdated technology with efficient mobile ticketing solutions. Its main product is a mobile ticketing platform that allows transit agencies to offer branded 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 through apps like Uber. This integration enhances convenience for users. Masabi serves a variety of clients, from large metropolitan transit systems to regional operators, and offers a modular system that allows agencies to choose specific features they need. The company's goal is to transform public transport fare collection by providing cost-effective and efficient solutions, making it easier for agencies to manage fare payments.

Simplify's Take

What believers are saying

• Growing trend of contactless payments boosts Masabi's Open Payments solutions.
• Investment from Shell indicates strong corporate interest in Masabi's technology.
• Partnerships with financial tech firms enhance Masabi's payment solutions and market reach.

What critics are saying

• Increased competition in FPaaS market threatens Masabi's market share.
• Rapid tech advancements require Masabi to continuously innovate to stay relevant.
• Potential regulatory changes in data privacy laws could impact Masabi's operations.

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 branded mobile apps sets Masabi apart from traditional fare systems.

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Funding

Total Funding

$39.7M

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