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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Employee Rating

4.4More
TypePrivate
HQGreater London, GB
Founded2001
Size (employees)122 (est)
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 Greater London, New York and Newton
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 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

Bilbao selects Masabi for EMV contactless ticketing system

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

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

Masabi and Jorudan Partner to Bring Mobile Ticketing to Japanese Transit Market

Leading Japanese Trip Planning Company Joins Growing Global Family of Justride Partners Alongside Uber, Transit, Kisio/Keolis and Gertek   London and Tokyo, January 16th 2019 - Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, and Jor…

Masabi and Clients Shortlisted for Five Transport Ticketing 2019 Global Awards

Justride leads nominations at the ticketing industry’s annual “Oscars”. Masabi, the company bringing Software-as-a-Service (Saas) ticketing and payments to public transport, today announced that the company and its customers have made the shortlist in five categories at the Transport Tic…

Las Vegas RTC debuts new features to its popular rideRTC app

RTC debuts new features to its popular rideRTC appNow offers enhanced trip planning with more ride-share options, new ‘See Something Say Something’ safety feature   LAS VEGAS  December 6th 2018 – The Regional Transportation Commission of Southern Nevada (RTC) added two significant feat…

Need a mobile app quickly? We have just the ticket...

I won’t lie, it used to take us a few months to get a mobile ticketing deployment out the door and into passengers’ hands. When you are building a SaaS platform it takes time to build enough capabilities that deploying became a configuration rather than a develop, test and release proces…

Metrolink launches Online Ticketing Portal to Print Tickets at Home

LOS ANGELES - November 28 2018 – In another step to improve customer service and convenience, Metrolink today announced the launch of the Metrolink Ticket Web Portal at https://tickets.metrolinktrains.com/ where one-way tickets can be purchased and customers can print them at home. Metro…

Lurraldebus extends its mobile ticketing app “LurTicket” to Bilbao and Vitoria-Gasteiz lines

Lurraldebus extends its pioneering mobile ticketing service LurTicket to the long distance lines San Sebastián-Bilbao, San Sebastián Vitoria-Gasteiz and the line connecting Bilbao airport with Eibar, Bergara, Arrasate and Oñati, as a fast and direct alternative to automatic ticket machin…
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Masabi Company Life and Culture

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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 Matt Jones, Ed Howson and Tom Godber.

  • How many employees does Masabi have?

    Masabi has 122 employees.

  • What is Masabi revenue?

    Latest Masabi annual revenue is £3.7 m.

  • What is Masabi revenue per employee?

    Latest Masabi revenue per employee is £30 k.

  • Who are Masabi competitors?

    Competitors of Masabi include New Continuum, Bizimply and Tazio.

  • Where is Masabi headquarters?

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

  • Where are Masabi offices?

    Masabi has offices in Greater London, New York and Newton.

  • How many offices does Masabi have?

    Masabi has 3 offices.