QuickPay Completes Funding Round; Barney Pell New CEO
The company expanded its QP QuickPay product, which previously supported mobile parking in only attended and unattended parking lots and garages, to include off-street gated facilities. This makes its solution the first to enable mobile parking payments in a single unified system across all major off-street parking scenarios in the U.S.
The QP GateKit, now in use in 10 garages across the San Francisco Bay Area, helps connect mobile parking payment users with far more spaces in garages. The company estimates that 50% of all parking spaces are in gated facilities.
Executive Chairman Barney Pell will step into the role of CEO and remain as Chairman. Founder, President and former CEO Carl Muirbrook will remain as President.
The company also announced the completion of $3.5 million in seed funding, which will be used to expand the sales and engineering teams and further build out the product to launch in new cities.
One year since QP QuickPay launched, the service is now live in more than 100 locations across 12 cities in California, Colorado and Nevada, covering 12,500 parkable spaces. Its leading parking operator partners include California Parking Co., City Park, Douglas Parking and Parking Concepts.
(Source: QuickPay Corp.)