Masabi closes USD 4 mln in funding

UK mobile ticketing applications provider Masabi has completed a USD 4 million series B funding round with m8 Capital. The funding will be used to support deployments with multiple rail companies in the UK, and for the development of new service features, including NFC technology. It will also help facilitate expansion into new markets, particularly the US. The company is also working with additional UK rail brands that are set to go live in the coming months.