Ubirider, a mobility fintech company, has secured $1.95 million in a seed round co-led by Techtree Investments and Cedrus R&D III. The company’s platform, Ubirider Platform, is a digital mobility-as-a-service (MaaS) solution that connects transport providers, riders and cities, and enables seamless movement of people, information and payments.
The funding will be used to grow the company internationally and develop its product and marketing teams. Ubirider aims to bring open mobility and banking through innovative contactless payment solutions to transit riders and operators everywhere.
Ubirider Platform allows riders to use their smartphones or bank cards to pay and travel across different modes of transport, and provides transport providers and cities with data and insights to improve their services and sustainability. The platform has processed more than 11.4 million transactions and is expected to benefit from the growing global mobile payment technologies market, which is projected to reach $2 trillion by 2030.
The investors praised Ubirider’s vision and potential to disrupt the mobility fintech market and transform public transport into a more enjoyable and eco-friendly experience.