OverviewSuggest Edit

Masabi is a company developing transport mobile ticketing technology. It provides the Justride Fare Payments Platform, a cloud-based 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.

TypePrivate
Founded2001
HQLondon, GB
Websitemasabi.com
Employee Ratings4.2

Latest Updates

Employees (est.) (Sept 2021)152(-1%)
Revenue (FY, 2019)£8.7 M(+46%)
Cybersecurity ratingAMore

Key People/Management at Masabi

Brian Zanghi

Brian Zanghi

Chief Executive Officer
Ed Howson

Ed Howson

Co-Founder
Ben Whitaker

Ben Whitaker

Head of Innovation
Tom Godber

Tom Godber

Co-Founder and CPO
Matt Jones

Matt Jones

Chief Financial Officer
Sara Poulton

Sara Poulton

Vice President of Services
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Masabi Office Locations

Masabi has offices in London, Denver, Newton, New York and in 1 other location
London, GB (HQ)
37 Bevenden St, Hoxton
Cluj-Napoca, RO
Gheorgheni
Denver, CO, US
1550 Wewatta St
New York, NY, US
1330 6th Ave #23a
New York, NY, US
205 E 42nd St
Newton, MA, US
1320 Centre St #101, Newton Centre
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Masabi Financials and Metrics

Summary Metrics

Founding Date

2001

Masabi total Funding

$40.8 m

Time since last funding

2 years ago

Masabi investors

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Masabi Revenue

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Masabi's revenue was reported to be £8.67 m in FY, 2019 which is a 45.1% increase from the previous period.
GBP

Revenue (FY, 2019)

8.7m

Revenue growth (FY, 2018 - FY, 2019), %

45.1%

Gross profit (FY, 2019)

6.5m

Gross profit margin (FY, 2019), %

75.2%

Net income (FY, 2019)

(6.1m)

EBIT (FY, 2019)

(7.3m)

Cash (31-Dec-2019)

7.4m
GBPFY, 2017FY, 2018FY, 2019

Revenue

6.7m6.0m8.7m

Revenue growth, %

(11%)45%

Cost of goods sold

1.8m1.4m2.2m

Gross profit

5.0m4.5m6.5m
GBPFY, 2017FY, 2018FY, 2019

Cash

1.5m2.0m7.4m

Accounts Receivable

1.8m981.0k2.2m

Prepaid Expenses

787.0k441.0k509.0k

Current Assets

6.5m4.9m12.4m
GBPFY, 2017FY, 2018FY, 2019

Net Income

(4.3m)(7.0m)(6.1m)

Depreciation and Amortization

134.0k140.0k198.0k

Accounts Payable

385.0k787.0k2.8m

Cash From Operating Activities

(6.2m)(3.9m)(5.0m)
GBPFY, 2017

Revenue/Employee

71.7k

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.5 x
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Masabi Operating Metrics

Y, 2018Dec, 2020

Agencies (Justride)

80

MaaS Deployments (Justride)

30

Partners

6

Passenger Journeys

85 m
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Masabi Acquisitions / Subsidiaries

Company NameDateDeal Size
Masabi Limited
Masabi LLC
Masabi US Limited

Masabi Revenue Breakdown

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Masabi revenue breakdown by business segment: 13.2% from Non-recurring Development and Deployment and 86.8% from Recurring Revenue

Masabi revenue breakdown by geographic segment: 71.5% from United States of America and 28.5% from Rest of World

Masabi Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Masabi Online and Social Media Presence

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Masabi News and Updates

Santa Cruz Metro and Masabi launch Metro Splash Pass contactless mobile ticketing app

Santa Cruz Metropolitan Transit District (METRO) today announced the launch of the Santa Cruz METRO Splash Pass, a new mobile ticketing application, in partnership with Masabi, the global leader in mobile ticketing and the company bringing Fare Payments-as-a-Service to public transit.

Masabi collaborates with Mastercard and Unicredit to delivery city-wide ticketing to Bucharest STB

Masabi, the company bringing Fare Payments-as-a-Service to public transport, today announced that it...

Masabi unveils multi-format scanning device for contactless tap and ride ticketing

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport...

Transport ticketing outfit Masabi raises $20 million

Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport...

Masabi raises $20 million for mobile ticketing tools

Masabi, a U.K.-based developer of mobile ticketing and public transport payments software, has raised $20 million in a series B funding round.

Mobile Ticketing 2019 Global Market Key Players – Zendesk (US), Masabi (UK), Helpshift (US), Proxama (UK), ticketscript (Netherlands), Airtag (France), Ace Ticket Worldwide – Analysis and Forecast to 2023

WiseGuyRerports.com Presents “Global Mobile Ticketing Market 2018 by Manufacturers, Countries, Type and Application, Forecast to 2023” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday
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Masabi Blogs

Masabi and Jorudan Bring MaaS Mobile Ticketing to Nine More Japanese Cities

  UK ticketing technology leader’s Japanese Mobility-as-a-Service partnership takes total deployments in country to 29 with launch of services in cities of Kitami, Sado, Nara, Iwate, Nanjo, Gifu, Oshima, Tokachi and Nikko   London, UK and Tokyo, Japan – 1st September 2021 Masabi the company bringing…

VIA, Masabi, and Transit app Partner to Launch VIA goMobile+ Fare Payment System

Improved Contactless Solution, Also Available in Transit app, Includes Mobile Ticketing Powered by Masabi’s Justride Platform   VIA Metropolitan Transit announced the launch of its improved VIA goMobile+ fare payment mobile app in partnership with Masabi and the Transit app. Riders will be able to p…

60 Transit Agencies and Transport Operators in 5 Countries Deploy Practical Mobility as a Service (MaaS)

Mobility as a Service (MaaS) is the integration of different modes of transport and transit tools into a mobility service accessible from the moment people leave their front door until they reach their destination, planning and paying seamlessly based on what and how much they use, without using a p…

NEORide’s EZfare and National Express Scoop Two Transport Ticketing Awards (4 Awards for Masabi in 2021)

We are absolutely delighted to announce that NEORide’s EZfare and National Express West Midlands both won awards at this year's prestigious Transport Ticketing Awards. The Awards – held online this year and streamed to a global audience of transport ticketing professionals – saw Masabi’…

EZfare Customers Can Now Use Cash to Purchase Mobile Tickets

Riders can now use cash to buy tickets or add funds to their EZfare Accounts at their local Transit Centers. EZfare Adds a New Transit Partner – SEAT.   Ohio, Michigan, & Kentucky 6th of July 2021 Masabi, the company bringing Fare Payments-as-a-Service to public transport, and NEORide, a council…

Cash digitization for public transportation: what is it and why does it matter?

Converting cash into digital currency is crucial as public transit agencies and operators invest to make contactless ticketing and best value fares accessible to all. More and more public transit agencies and transport operators are looking for ways to reduce cash handling on board vehi…
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Masabi Frequently Asked Questions

  • When was Masabi founded?

    Masabi was founded in 2001.

  • Who are Masabi key executives?

    Masabi's key executives are Brian Zanghi, Ed Howson and Ben Whitaker.

  • How many employees does Masabi have?

    Masabi has 152 employees.

  • What is Masabi revenue?

    Latest Masabi annual revenue is £8.7 m.

  • What is Masabi revenue per employee?

    Latest Masabi revenue per employee is £57 k.

  • Who are Masabi competitors?

    Competitors of Masabi include FARA, AEP Ticketing Solutions and Ridango.

  • Where is Masabi headquarters?

    Masabi headquarters is located at 37 Bevenden St, Hoxton, London.

  • Where are Masabi offices?

    Masabi has offices in London, Denver, Newton, New York and in 1 other location.

  • How many offices does Masabi have?

    Masabi has 6 offices.