Masabi is the global leader in transport mobile ticketing. The company’s award-winning JustRide platform is a cloud-based, deployment-proven, end-to-end mobile ticketing and fare collection system. It consists of services for ticket purchase, display and inspection, together with back-end infrastructure for secure payments, ticket management, customer service, reporting and real-time analytics. Masabi’s technology signals the end of ticket lines, lost tickets and fumbling for cash by allowing passengers to quickly and securely buy and display tickets on their mobile phones. Masabi’s scalable cloud-based technology already processes more than 110 million dollars per year, handles millions of connections per day, and is operational with 22 transport agencies and retail brands round the world, including: Virgin Trains, First Group, Thames Clippers, Boston’s MBTA, San Diego MTS and Transport for Athens. The company has offices in New York, Boston and London.
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TypePrivate
HQGreater London, GB
Founded2001
Size (employees)117 (est)+4%
Websitemasabi.com
Masabi was founded in 2001 and is headquartered in Greater London, GB
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Key People/Management at Masabi

Matt Jones

Matt Jones

CFO
Ed Howson

Ed Howson

Co-Founder
Tom Godber

Tom Godber

Co-Founder / JustRide Product GM
Gialomo Biggiero

Gialomo Biggiero

UK General Manager
Josh Robin

Josh Robin

Vice President of Strategy and Development - North America
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Masabi Office Locations

Masabi has offices in New York, Newton and Greater London
Greater London, GB (HQ)
37 Bevenden St
New York, US
6024 404 5th Ave
Newton, US
Suite 101-B 1320 Centre St
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Masabi Financials and Metrics

Summary Metrics

Founding Date

2001

Masabi total Funding

$20.8 m

Masabi latest funding size

$12 m

Time since last funding

3 years ago

Masabi investors

Masabi's latest funding round in December 2015 was reported to be $12 m. In total, Masabi has raised $20.8 m
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Masabi Revenue

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Masabi's revenue was reported to be £3.66 m in FY, 2017
GBP

Revenue (FY, 2017)

3.7m

Gross profit (FY, 2017)

2.2m

Gross profit margin (FY, 2017), %

59.8%

Net income (FY, 2017)

(3.6m)

EBITDA (FY, 2017)

(5.5m)

EBIT (FY, 2017)

(5.7m)

Cash (31-Dec-2017)

205.0k
GBPFY, 2003FY, 2004FY, 2005FY, 2016FY, 2017

Revenue

4.3k30.8k55.3k4.2m3.7m

Cost of goods sold

6.1k27.5k33.9k437.0k1.5m

Gross profit

(1.8k)3.2k21.5k3.8m2.2m

Gross profit Margin, %

(43%)10%39%90%60%
GBPFY, 2003FY, 2004FY, 2005FY, 2006FY, 2007FY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.6k1.3k15.1k77.8k15.0k120.4k107.0k392.9k160.6k105.0k135.0k205.0k

Accounts Receivable

2.3k7.2k16.0k5.2k19.7k70.3k40.3k46.9k152.9k296.6k507.0k845.9k261.6k273.0k681.0k

Inventories

2.0k

Current Assets

3.9k8.5k16.0k53.4k97.5k85.3k40.3k48.9k273.3k403.6k899.8k1.0m1.4m2.8m5.8m
GBPFY, 2003FY, 2004FY, 2005FY, 2016FY, 2017

Net Income

(4.0k)3.0k9.5k(2.8m)(3.6m)
GBPY, 2017

Revenue/Employee

39.0k

Financial Leverage

-0.4 x
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Masabi Online and Social Media Presence

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Masabi News and Updates

Mobile apps for bus tickets have me hooked on my phone even more

Riding the bus to work, out to dinner, or back home has become a mobile affair.  What used to be a daily search for my plastic metro card, or from more than a decade ago my monthly paper pass, has turned into yet another tap on my smartphone screen. Bus access has been digitized.  In the same way …
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Masabi Blogs

Intelligent Transport Webinar, 16th October 3pm GMT: MaaS and the future of urban mobility: placing public transport at the centre of MaaS

MaaS is the concept that users can utilise whichever mobility service is most efficient for a journey, across public and private modes, planning and paying seamlessly based on what and how much they use.   MaaS promises to help move people away from private car ownership, reducing cong…

Colorado’s Bustang is Selling 66% of All Bus Tickets Through the JustRide Bustang App

Mobile ticketing is hugely popular with riders around the globe with some of our agencies processing over 50% of tickets through the mobile channel, but sometimes we hear a mobile adoption story that blows even us away.   Bustang, which if you were not aware, is operated for the Colora…

Masabi and Gertek Sign Partnership to Deliver Innovative Ticketing Services in Spain

First service already live as mobility solutions company joins growing list of Justride SDK partners that includes, Uber, Kisio Digital, Chalo and Transit App   London & Bilbao - September 25, 2018 - Masabi, the company bringing Software-as-a-Service ticketing and payments to publi…

Go Cashless with ‘Suffolk FastFare’ the New Mobile Ticketing App for Suffolk County Transportation

App Available for Suffolk County Bus Services Across Long Island Suffolk County, NY -- XX, 2018 -- Suffolk County Transportation, the transit agency serving Suffolk County, New York, announced it has launched a new mobile ticketing application for riders. The app, Suffolk FastFare, is a…

Masabi and Swiftly Partner to Deliver Best-of-Breed Real-Time Information and Ticketing to North American Transit Agencies

Market leading mobility companies working together to help revolutionize the rider experience San Francisco and New York - September 24, 2018 - Masabi, the company bringing Software-as-a-Service ticketing and payments to public transit, and Swiftly, the leading big data and mobility serv…

Easily Migrate your Mobile Ticketing to Masabi

Mobile ticketing has changed the game in terms of being able to quickly deliver fare collection innovation to passengers, but thanks to the maturity, architecture, reliability and robustness of the Justride Platform mobile ticketing can now be made available to passengers in just a handf…
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Masabi Company Life and Culture

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