Accel-KKR completed the investment in Masabi.

Accel-KKR, a technology-focused private equity firm, completed the investment in Masabi, a developer of a mobile ticketing and innovative fare collection platform, with participation from Shell and Smedvig Capital. Financial terms were not disclosed. “The past few years have seen a revolution in transport ticketing and payments technology, and Masabi has consistently been at the forefront, time-after-time delivering ground-breaking firsts which have shaped the industry. This significant investment will help us build on our market-leading technical and geographic foundations, to accelerate company growth and make it easier for more passengers around the globe to safely and quickly access public transport. We’re delighted to welcome Accel-KKR’s support and look forward to working with them to take our growth to the next level," Brian Zanghi, Masabi CEO.