History
Admyt was founded in 2015, with the goal of enhancing the parking user experience. Leveraging license plate recognition software, the company developed a platform through which consumers could pay for parking without interacting with traditional ticket machines. [1]
The company launched its first operations in 2016, at Benmore Gardens, Rivonia Village, Cradlestone Mall, and Sandton City shopping centers. [5]
In 2023, Admyt secured the first funding through the REdimension Real Estate Technology and Sustainability Fund, at a total investment of R30 million. The fund is backed by companies including Burnstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Holdings, and Sphere Holdings. [1]
Also in 2023, the company announced that it had a user base of over 120,000 individuals, and had managed a total of over 9 million parking events since its foundation. [1]
In June 2024, as part of its expansion, Admyt officially partnered with Growthpoint Properties, South Africa's largest real estate investment trust (REIT). [6]
In July 2024, Admyt had over 250,000 vehicles registered on its platform, and was serving 70 sites across South Africa. [7] The total number of registered vehicles had reached 280,000 by February 2025. [2]
In the same month, Admyt took over app-based parking operations at Durban's Galleria Mall from competitor KaChing. [8]
South African REIT Hyprop announced a partnership with Admyt in September 2024, and its intention to roll out Admyt's platform across several major malls, providing access to a combined 30,000 parking bays. [2]
Operations
Admyt works by means of license plate recognition technology, via cameras positioned at entrances and exits of retail and commercial buildings. Instead of taking a physical ticket from a parking machine, users simply stop near the parking lot's boom, and wait for it to open. Consumers are billed as per payment details loaded into the Admyt app, after creating a profile. [4] [9]
As of mid-2025, Admyt was operational at 82 locations (59 retail and 23 commercial), across South Africa and Poland. Major locations include Growthpoint Properties developments such as the V&A Waterfront [10] and Gardens Shopping Center, as well as other locations including Sandton City, Blue Route Mall, The Leonardo, Mall of Africa, Constantia Uitsig, Cape Gate, Lifestyle on Kloof, Fourways Mall, Cape Quarter, Somerset Mall, and Canal Walk. [11]
This page is based on this
Wikipedia article Text is available under the
CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.
