 | |
| Company type | Private |
|---|---|
| Industry | Web and mobile payments software |
| Founded | May 2010 |
| Founder | Bob Youakim Charlie Youakim |
| Headquarters | |
| Website |
www |
Passport is a United States-based payment service provider headquartered in Wilmington, Delaware with offices in Charlotte, North Carolina. [1]
Passport provides an enterprise software platform for cities, transit agencies, universities, and private operators in the parking and transportation industries throughout the U.S. and Canada. [2] Passport’s primary applications include mobile payments for parking and mobile ticketing for transit operations. [3] Passport's software allows municipalities and private operators to charge users for parking without hardware payment stations. [4] [5] [6]
History
Passport was co-founded by Khristain Gutierrez and Bob Youakim in 2010. [7] [8]
Investment firm Sixth Street Growth put up the capital for Passport with a reported $90 million investment. In 2017, the company raised $43 million in Series C funding led by Bain Capital. By 2021, the company had raised nearly $200 million. [9]
Acquisitions
The company acquired Scottdale, Arizona-based ParkX LLC in 2016. [10]
References
- ^ "New city app lets you remotely feed the meter". Arizona Daily Star. 14 January 2015. Retrieved 16 May 2015.
- ^ "Mayor Walsh launches ParkBoston to simplify parking". The Daily Free Press. 20 January 2015. Retrieved 16 May 2015.
- ^ "Peoria plans to test app that allows mobile parking payment". Journal Star (Peoria). Retrieved 16 May 2015.
- ^ "New app makes paid parking at Washington Park, Oregon Zoo, easier". OregonLive.com. 13 March 2015. Retrieved 16 May 2015.
- ^ "New app makes parking payments easier in White Plains". The Journal News. Retrieved 16 May 2015.
- ^ "Portland Parks & Recreation's Washington Park Introduces New, Free Pay-by-Phone Parking App, Passport". blog.parknews.biz. 12 March 2015. Retrieved 16 May 2015.
- ^ "Passport Co-Founder Khristian Gutierrez Appointed CEO to Lead Next Phase of Growth". www.parking.net. 2024-03-08. Retrieved 2024-06-20.
- ^ Starck, Julie (2024-02-29). "Passport Shakes Up C-suite As Charlotte Tech Company Plans For More Growth". www.parking.net. Retrieved 2024-06-20.
- ^ "Passport Raises Another $90M, Bringing Total Above $200M". GovTech. 2021-05-24. Retrieved 2024-07-01.
- ^ Ringle, Hayley (7 December 2016). "Scottsdale mobile parking payment startup acquired by North Carolina-based Passport". Phoenix Business Journal. Retrieved 2024-06-20.
 | This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it. |
|
| |
| Company type | Private |
|---|---|
| Industry | Web and mobile payments software |
| Founded | May 2010 |
| Founder | Bob Youakim Charlie Youakim |
| Headquarters | |
| Website |
www |
Passport is a United States-based payment service provider headquartered in Wilmington, Delaware with offices in Charlotte, North Carolina. [1]
Passport provides an enterprise software platform for cities, transit agencies, universities, and private operators in the parking and transportation industries throughout the U.S. and Canada. [2] Passport’s primary applications include mobile payments for parking and mobile ticketing for transit operations. [3] Passport's software allows municipalities and private operators to charge users for parking without hardware payment stations. [4] [5] [6]
History
Passport was co-founded by Khristain Gutierrez and Bob Youakim in 2010. [7] [8]
Investment firm Sixth Street Growth put up the capital for Passport with a reported $90 million investment. In 2017, the company raised $43 million in Series C funding led by Bain Capital. By 2021, the company had raised nearly $200 million. [9]
Acquisitions
The company acquired Scottdale, Arizona-based ParkX LLC in 2016. [10]
References
- ^ "New city app lets you remotely feed the meter". Arizona Daily Star. 14 January 2015. Retrieved 16 May 2015.
- ^ "Mayor Walsh launches ParkBoston to simplify parking". The Daily Free Press. 20 January 2015. Retrieved 16 May 2015.
- ^ "Peoria plans to test app that allows mobile parking payment". Journal Star (Peoria). Retrieved 16 May 2015.
- ^ "New app makes paid parking at Washington Park, Oregon Zoo, easier". OregonLive.com. 13 March 2015. Retrieved 16 May 2015.
- ^ "New app makes parking payments easier in White Plains". The Journal News. Retrieved 16 May 2015.
- ^ "Portland Parks & Recreation's Washington Park Introduces New, Free Pay-by-Phone Parking App, Passport". blog.parknews.biz. 12 March 2015. Retrieved 16 May 2015.
- ^ "Passport Co-Founder Khristian Gutierrez Appointed CEO to Lead Next Phase of Growth". www.parking.net. 2024-03-08. Retrieved 2024-06-20.
- ^ Starck, Julie (2024-02-29). "Passport Shakes Up C-suite As Charlotte Tech Company Plans For More Growth". www.parking.net. Retrieved 2024-06-20.
- ^ "Passport Raises Another $90M, Bringing Total Above $200M". GovTech. 2021-05-24. Retrieved 2024-07-01.
- ^ Ringle, Hayley (7 December 2016). "Scottsdale mobile parking payment startup acquired by North Carolina-based Passport". Phoenix Business Journal. Retrieved 2024-06-20.
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| This bank, insurance, or other financial services corporation article is a stub. You can help Wikipedia by expanding it. |