About Passport
Passport is a company based in Tarrytown (United States) founded in 1986 was acquired by Passport in June 2019. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Passport has completed 1 acquisition, including The Payment Group. Passport offers products and services including Parking Compliance Platform, Digital Parking Permits, Mobile Parking App, and Passport Payments. Passport operates in a competitive market with competitors including Arrive, T2 Systems, Parkhub, FlashParking and Metropolis, among others.
- Headquarter Tarrytown, United States
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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 Passport Labs, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Passport
(Jun 06, 2019)
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Products & Services of Passport
Passport offers a comprehensive portfolio of products and services, including Parking Compliance Platform, Digital Parking Permits, Mobile Parking App, and Passport Payments. 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.
A platform for managing parking enforcement efficiently.
Software for managing and issuing parking permits.
An app for convenient mobile parking payments.
Specialized payment processing for parking transactions.
Funding Insights of Passport
| 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 Passport
Passport has secured backing from 1 investor. Prominent investors backing the company include Passport. 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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Passport is recognized for providing parking management software solutions.
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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 Passport
Passport has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include The Payment Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Payment gateway solutions for court fines and bonds are offered.
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Passport
| 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 |
Passport Comparisons
Competitors of Passport
Passport 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 Arrive, T2 Systems, Parkhub, FlashParking and Metropolis, 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 |
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| domain | founded_year | HQ Location |
Tech-enabled platform for parking and mobility management solutions is provided.
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| domain | founded_year | HQ Location |
Parking management solutions for events and venues are provided.
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| domain | founded_year | HQ Location |
Provider of comprehensive parking management solutions
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| domain | founded_year | HQ Location |
Parking management systems are delivered via SaaS-enabled hardware and software.
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| domain | founded_year | HQ Location |
End-to-end parking management solutions are provided via an AI-enabled platform.
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| domain | founded_year | HQ Location |
REEF is focused on connecting goods and services to local neighborhoods through digital solutions.
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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 Passport
When was Passport founded?
Passport was founded in 1986.
Where is Passport located?
Passport is headquartered in Tarrytown, United States. It is registered at Tarrytown, New York, United States.
What does Passport do?
Parking compliance and curb management solutions are offered by Passport. Services include digital enforcement, mobile pay parking, and permitting software. Payment processing for parking transactions is also provided. The platform serves cities, municipalities, private operators, and various industries like healthcare and universities. Data-driven insights for decision-making are centralized for efficiency. Operations are streamlined to enhance parking experiences and reduce congestion. Scalable solutions are designed to adapt to evolving needs.
Who are the top competitors of Passport?
Passport's top competitors include Arrive, Parkhub and Metropolis.
What products or services does Passport offer?
Passport offers Parking Compliance Platform, Digital Parking Permits, Mobile Parking App, and Passport Payments.
How many acquisitions has Passport made?
Passport has made 1 acquisition, including The Payment Group.
Who are Passport's investors?
Passport has 1 investor. Key investors include Passport.
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