Seed Funding Fuels Ubirider’s $1.95 Million Global Expansion Endeavor

• Seed funding expansion: Ubirider secures $1.95 million for global growth of MaaS platform
• Funding sources: Techtree Investments, Cedrus R&D III, Grupo Barraqueiro, and angel investors
• Platform innovation: Facilitating seamless transport, information, and payment flows with open-loop digital ticketing
• Market potential: Global mobile payment technologies market projected to reach $2 trillion by 2030
• Strategic partnerships: Collaborations with Mastercard, Deloitte, and Payshop for contactless payment solutions in public transit

Seed Funding Secured for Global Expansion

In a significant move towards revolutionizing urban transport, Ubirider, the innovative mobility fintech firm, has successfully secured $1.95 million in seed funding. This funding marks a pivotal moment for Ubirider as it gears up for global expansion of its Mobility as a Service (MaaS) platform. The seed funding round, co-led by Techtree Investments and Cedrus R&D III, with contributions from Grupo Barraqueiro and angel investors from the United States and Colombia, signifies a strong vote of confidence in Ubirider’s vision and potential.

Ubirider’s digital platform aims to transform the way transport providers, riders, and cities interact by streamlining digital ticketing and enabling seamless payments. With the growing demand for open-loop digital ticketing solutions that allow for contactless payments through bank cards or smartphone wallets, Ubirider has processed over 11.4 million transactions, highlighting the need for convenient and efficient mobility solutions in today’s urban landscapes.

Partnerships with Industry Giants

One of the key factors contributing to Ubirider’s success is its strategic partnerships with industry giants such as Mastercard, Deloitte, and Payshop. These collaborations have not only accelerated the deployment of Ubirider’s contactless payment solutions across public transit agencies in Portugal but have also showcased the platform’s capabilities to nearly 300,000 registered users, with 2.1 million tickets sold.

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The partnerships with Mastercard, Deloitte, and Payshop underscore Ubirider’s commitment to innovation and its potential to reshape public transportation into a more efficient, sustainable, and enjoyable system for cities globally. By leveraging the expertise and reach of these established players, Ubirider is poised to make a significant impact on the urban mobility landscape.

Enhancing the Transportation Experience

At the heart of Ubirider’s mission is the commitment to enhancing the transportation experience for both riders and operators. The platform’s user-friendly mobile app, Pick, empowers riders to plan, pay, and navigate their journeys with ease, all at the tap of a finger. This seamless integration of services not only simplifies the travel experience but also provides valuable insights into rider behaviors and patterns for operators, enabling data-driven decisions that enhance service delivery.

As Ubirider embarks on its internationalization journey and unveils its new branding, the company’s role in transforming global mobility landscapes becomes increasingly evident. By combining technology, sustainability, and user-centric design, Ubirider is setting the stage for a future where urban transport is more connected, accessible, and environmentally friendly.

Leading the Charge in Urban Mobility

With its recent seed funding, strategic partnerships, and a clear vision for the future, Ubirider is well-positioned to lead the charge in redefining urban mobility for the better. The company’s innovative approach to MaaS not only signals a transformative shift in public transportation but also offers a glimpse into a future where technology plays a central role in creating smarter, more efficient cities.

As Ubirider continues to expand its reach and impact, the implications of its success go beyond the immediate benefits to riders and operators. By championing digital ticketing solutions, seamless payments, and data-driven insights, Ubirider is paving the way for a more sustainable and connected urban transport ecosystem. Subscribe to our newsletter to stay updated on Ubirider’s journey towards transforming global mobility.