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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Type
Private
HQ
Greater London, GB
Founded
2001
Size (employees)
112 (est)+2%
Website
masabi.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 £55.31 k in FY, 2005
GBP

Revenue (FY, 2005)

55.3 k

Gross profit (FY, 2005)

21.5 k

Gross profit margin (FY, 2005), %

38.8%

Net income (FY, 2005)

9.5 k

EBIT (FY, 2005)

11.1 k

Cash (31-Dec-2016)

134.6 k
GBPFY, 2003FY, 2004FY, 2005

Revenue

4.3 k30.8 k55.3 k

Cost of goods sold

6.1 k27.5 k33.9 k

Gross profit

(1.8 k)3.2 k21.5 k

Gross profit Margin, %

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

Cash

1.6 k1.3 k15.1 k77.8 k15 k120.4 k107 k392.9 k160.6 k105 k134.6 k

Accounts Receivable

2.3 k7.2 k16 k5.2 k19.7 k70.3 k40.3 k46.9 k152.9 k296.6 k507 k845.9 k261.6 k272.6 k

Inventories

2 k

Current Assets

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

Net Income

(4 k)3 k9.5 k
GBPY, 2016

Financial Leverage

-0.3 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 Company Life and Culture

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