Pango closes USD 6.5 mln financing round

Monday 3 March 2014 09:50 CET | News

Pango Mobile Parking, a provider of mobile parking payment solutions, has closed an investment round which will provide the company with up to USD 6.5 million in new funding.

The investment will be used for the development of the mobile parking application introducing new functionalities.

Pango offers parking garage locator services, valet parking, and location-based coupons.

Pangos technology launched across Israel in 2007 and currently has 800,000 users recording 2 million monthly parking transactions. The Companys technology is currently licensed and in use in the Israeli market, the Czech Republic, Germany, Greece, and Poland.

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Keywords: Pango, financing round, mobile parking app, mobile payment, Israel, US
Categories: Payments & Commerce
Countries: World
This article is part of category

Payments & Commerce