Company type | Private |
---|---|
Industry | Web and mobile payments software |
Founded | May 2010 |
Founder | Bob Youakim Charlie Youakim |
Headquarters | |
Website | www |
Passport is a Charlotte, North Carolina-based curb management payment service provider and software company. [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]
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]
The company acquired Scottdale, Arizona-based ParkX LLC in 2016. [10]
In 2018, Passport acquired NuPark, a license plate reading company. [1] In 2021, NuPark was sold to T2 Systems. [11]
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