Masabi is focused on fare payments for public transit, and it built an app infrastructure to make paying for transportation as simple as scanning a bar code on your mobile device. It raised $20M in a Series B round led by MMC Ventures and Smedvig Capital. Masabi was founded in 2001 by Ben Whitaker, Ed Howson, and Tom Godber, it’s total funding amount is $40.8M across six rounds.
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