Masabi has raised $2 million in capital to help pay for the commercial roll-out of its mobile ticketing systems with two UK-based rail companies. The money will also help expand operations into other geographies. The investor in the round was m8 Capital.
The London-based company said it is already working with two rail companies — Atos Origin and thetrainline.com — which are expected to launch the coming months. In December 2008, Masabi