4/1/2023 0 Comments Citymapper pass![]() While the app has proved popular with users, Citymapper has been slow to monetise its service. What makes the Citymapper Pass unique is its focus on London transport services, its subscription. Citymapper was not required to report its revenues. This Citymapper Pass is a Mastercard prepaid debit card that supports contactless payments. Non-sponsoring technology supplier, including consultants will need to buy a pass to attend the show. The company reported it had around £5.3m cash and other reserves remaining, down from £12.5m. TravelTech Show is a free-to-attend trade event for travel technology specialists involved in or responsible for the technology within their travel business and consultants who help travel businesses select technology solutions. It was valued at around $326m in its last funding round in 2016. It reported a loss of £6m the year before.Ĭitymapper, known for its distinctive bright green app, has raised around $50m (£40m) from investors including venture funds Index Ventures and Balderton Capital. The loss-making business, founded in 2011 by former Google employee Azmat Yusuf, develops the Citymapper app, one of London's best-known start-ups that lets users find public transport options in dozens of cities and book ride-hailing services, and it has recently launched a travelcard in the capital.Īccounts for Citymapper show the firm’s total accumulated losses until December 2018 topped £21.8m, up from accumulated losses of £13.1m the previous year, a loss of £8.7m over 12 months. ![]() London travel start-up Citymapper’s accumulated losses have ballooned to £21m as it hunts further funds in a move to make money from its popular transport app. ![]()
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