Masabi, the provider of Fare Payments-as-a-Service for public transport, has announced that it has finalised an investment from Shell, the company said.
This investment will help support the global expansion of Masabi´s Justride platform, which is bringing cutting-edge ticketing technology and enabling Mobility-as-a-Service (MaaS) for public transport operators and authorities of all sizes around the globe.
Shell´s investment is an extension to Masabi´s recent USD 20 million growth funding round led by Smedvig Capital with MMC Ventures and other existing investors.
Currently processing more than USD 1billion in annual transport ticketing sales, Masabi continues to add features and functionality to the Justride platform.
Masabi is bringing Fare Payments-as-a-Service to public transit agencies of all sizes around the globe. For more information, visit www.masabi.com