Masabi Ltd
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Masabi Ltd - overview
Established
2001
Location
London, -, UK
Primary Industry
Software
About
Based in London, UK, and founded in 2001, Masabi Ltd operates as a developer of cloud-based, multi-fare ticketing solutions for the transport sector. In February 2022, Masabi Ltd raised GBP 30 million of growth funding led by new investor Accel-KKR, with participation from returning investors Shell (China) Limited and Smedvig Capital. The company's platform, Justride, facilitates the use of a variety of fare media including mobile tickets, contactless credit cards, smartcard, paper barcodes, etc. Tickets are sold via branded applications, web portals or SDKs integrated into 3rd party services which are all linked together through the Justride back office.
Current Investors
AGC Equity Partners, Smedvig Capital, MMC Ventures
Primary Industry
Software
Sub Industries
e-Financial, Application Integration Software
Website
www.masabi.com
Verticals
Cloud Computing, FinTech
Company Stage
Growth Stage/Expansion
Total Amount Raised
Subscriber access only
Masabi Ltd - timeline of key events
Masabi Ltd - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | 6,738,000 | 5,976,000 | 8,670,000 | 11,723,000 | 14,711,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | (11.3%) | 45.1% | 35.2% | 25.5% | - | - | - |
| EBITDA (USD) | - | (5,891,000) | (7,931,000) | (7,142,000) | (6,498,000) | (7,765,000) | - | - | - |
| Operating Income (USD) | - | (6,025,000) | (8,071,000) | (7,340,000) | (6,795,000) | (8,026,000) | - | - | - |
| Operating Margin | - | (89.4%) | (135.1%) | (84.7%) | (58.0%) | (54.6%) | - | - | - |
| % EBITDA Margin | - | (87.4%) | (132.7%) | (82.4%) | (55.4%) | (52.8%) | - | - | - |
| NET Income (USD) | (107,751) | (4,251,000) | (7,041,000) | (6,094,000) | (5,879,000) | (7,058,000) | - | - | - |
| % Net Margin | - | (63.1%) | (117.8%) | (70.3%) | (50.1%) | (48.0%) | - | - | - |
Masabi Ltd - employee data
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