Masabi raises $20m to expand ticketing platform

Masabi has secured £20 million in a funding round to accelerate the expansion of its mobility platform Justride. Masabi says Justride removes the need for passengers to buy a ticket by allowing them to tap a contactless bank card, mobile phone or smart card to travel. The round of investment, led by venture capital firms Smedvig Capital with MMC Ventures, is expected to allow the company to bring its ticketing and payments technology to more cities and transit operators around the world. Addition
May 8, 2019 Read time: 1 min
6870 Masabi has secured £20 million in a funding round to accelerate the expansion of its mobility platform Justride.


Masabi says Justride removes the need for passengers to buy a ticket by allowing them to tap a contactless bank card, mobile phone or smart card to travel.

The round of investment, led by venture capital firms Smedvig Capital with MMC Ventures, is expected to allow the company to bring its ticketing and payments technology to more cities and transit operators around the world.

Additionally, Masabi says it will also use the fund to work with partners such as Uber, Jorudan and Keolis in making it easier for people to discover and access public transit services.

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Masabi and DPTI trial Justride in Southern Australia

Masabi will launch a two month feasibility trial of its smartphone-based payments platform Justride with the Department of Planning, Transport and Infrastructure (DPTI) in South Australia. The test will be conducted on 50 DPTI employees on Adelaide city trams and SouthLink operated Hills and Outer South Express bus services. In addition, Mastercard is providing its gateway services to facilitate test payments linked to South Australia’s acquirer, Commonwealth Bank of Australia. As part of the trial, Masabi
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