About FARA
FARA is a company based in Trondheim (Norway) founded in 2005 was acquired by Ticketer in December 2019.. FARA offers products and services including Ticketing, Account Based Ticketing (ABT), Contactless EMV (cEMV), and Passenger Information. FARA operates in a competitive market with competitors including Easybook, HopOn, Masabi, Remix and Cubic, among others.
- Headquarter Trondheim, Norway
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Fara Danmark A/S
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Products & Services of FARA
FARA offers a comprehensive portfolio of products and services, including Ticketing, Account Based Ticketing (ABT), Contactless EMV (cEMV), and Passenger Information. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Manages ticket issuance and validation for public transport
Enables account-based payments for seamless travel transactions
Facilitates tap-to-pay ticketing for efficient boarding
Delivers real-time updates and displays for travelers
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Software Development Team
4 people
.net Team
1 people
Senior Team
1 people
Support Team
1 people
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Funding Insights of FARA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FARA
FARA has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Ticketer and Tenzing. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Cloud-enabled ticketing solutions are provided for transit operators.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FARA
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - FARA
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fara Comparisons
Competitors of FARA
FARA operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Easybook, HopOn, Masabi, Remix and Cubic, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Travel tickets and accommodations are booked via an online platform.
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| domain | founded_year | HQ Location |
SaaS mobility-as-a-service and data collection for public transit are provided.
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| domain | founded_year | HQ Location |
Saas-enabled plafform offering mobile ticketing solutions for transport operators
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| domain | founded_year | HQ Location |
Remix is focused on providing transit planning and scheduling software.
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| domain | founded_year | HQ Location |
Integrated solutions are provided for transportation and defense sectors.
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| domain | founded_year | HQ Location |
Public transport app for tickets and timetables
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about FARA
When was FARA founded?
FARA was founded in 2005.
Where is FARA located?
FARA is headquartered in Trondheim, Norway. It is registered at Trondheim, Trøndelag, Norway.
Who is the current CEO of FARA?
Orjan Kirkefjord is the current CEO of FARA.
What does FARA do?
FARA was founded in 2005 in Trondheim, Norway, within the public transportation sector. Software solutions are offered for ticketing and real-time information systems, including fleet management, traffic management, and passenger information systems. All operations and management of these services are conducted through the cloud, supporting transportation providers in the region.
What products or services does FARA offer?
FARA offers Ticketing, Account Based Ticketing (ABT), Contactless EMV (cEMV), and Passenger Information.
Who are FARA's investors?
FARA has 2 investors. Key investors include Ticketer, and Tenzing.
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