Company Joins Tech City UK Backed Scheme that has Previously Included Deliveroo, Transferwise and Swiftkey
London, UK – 7th March 2018 – Masabi, the global transit payments innovator enabling best-of-breed mobility-as-a-service for public transport, today announced that it has been selected for the Future Fifty, a fast-track scheme to support high-growth businesses. Tech City UK, the organization behind the program, named Masabi in latest cohort of 26 companies it considers to be the most promising, high potential growth businesses in the UK.
Masabi has pioneered public transport Mobile Ticketing; from crafting the UK’s first rail standards for Mobile Ticketing and having worked alongside more than 50% of UK Train Operating Companies, to deploying the first US Mobile Ticketing system with MBTA in Boston and going on to deploy solutions in London, Sydney, New York, Los Angeles, San Diego, Las Vegas and New Orleans. Today, Masabi’s Justride is the world’s most widely deployed Mobile Ticketing solution, processing the largest number of transactions and simplifying more passenger journeys than any other.
“The list of firms in the Future Fifty is an impressive who’s who of leading technology businesses in the UK,” Brian Zanghi, CEO of Masabi commented. “The UK tech sector continues to show fantastic promise, and there is a wealth of talent and great innovation that will fuel further growth and success in the future.”
He continued: “Masabi is helping cities and transport authorities around the globe remove the pain point for passengers of ticket purchase, alleviating the need to queue or carry cash. Today’s smartphone epitomises mobility, and Masabi has tapped into its increasing proliferation to enable ubiquitous ticket purchase. As a result, ticketing is now as easy as taking your phone from your pocket, opening an app and buying a ticket.”
Masabi delivered the first and only mobile ticketing SDK for public transport, enabling existing applications to integrate the market leading Justride Mobility Platform. The SDK first went live in France with Montargis and Orleans and helps link together best-of-breed public and private urban mobility services.
The Future Fifty is a fast-track, concierge program to accelerate selected companies’ progress, to create jobs and deliver significant economic impact in the UK.
Masabi, global transit payments innovator enabling best-of-breed mobility-as-a-service for public transit. Masabi’s Justride is a cloud-based mobility platform unifying account-based and pre-pay ticketing into a single configurable solution. Justride’s SaaS architecture, ‘Mobile First‘ approach and BYOT philosophy, allow transport providers of all sizes around the globe to deliver innovation quickly, delighting passengers and reducing costs, while increasing efficiency and data insights.
The company works in partnership with more than thirty leading transit agencies and operators in North America, Europe, Australia and around the globe, including; New York MTA, Arriva, National Express, Keolis, Thames Clippers, Boston MBTA, LA Metrolink, The Hague and Las Vegas RTC. Masabi has offices in London, New York, Boston and Cluj and investors include Mastercard and Keolis.