Finnish intelligent mobile ticketing provider PayiQ has raised about two million Euros from old and new investors during their last funding round.
This funding enables PayiQ to speed up its product development, to strengthen its market position and to further its international growth. PayiQ’s public transport ticketing apps are in use in 20 Finnish cities and five Russian cities. As the pandemic is winding down, the development of public transport and other mobility services is once again topical. With the help of this funding PayiQ can increase its resources to tackle the challenges of the fast-changing industry.
“PayiQ is a good example of a company we want to be a part of together with our investors” says Matias Itkonen, Chairman of the board of SijoittajaPRO Corporate Finance. “PayiQ is solving many of future’s megatrends connected to effective mobile payments and public transport. The company has gotten its international growth to a good start, and it is interesting to take part in financing its expansion.”
“We are very pleased with the result of our latest funding round. It allows us to focus on the product development of our Ticketing as a Service platform and on speeding up our international growth. We appreciate the investors’ trust in us and their contribution on developing mobility services. We want to develop our business to better meet the needs of passengers and mobility service industry” tells PayiQ’s CEO Pirkka Lankinen.