Investible announces pre-seed investment in SaaS startup Tikpay

Investible has invested in the pre-seed round for tikpay, an Australian startup revolutionising transport ticketing and payments through a single innovative platform.

The transport industry remains highly fragmented globally, with providers operating in silos and relying on closed legacy ticketing systems. There is a growing desire by industry participants to move towards open and commoditised solutions to improve margins for providers.

Enter tikpay, a back-office SaaS platform for transport ticketing and payments that leverages commodity infrastructure and services to fix a range of problems for both transport operators and consumers.

With a deep understanding of the industry, Founder and CEO Michael Walters has set out to improve legacy industry practices through the creation of a customer-centric platform solution that improves interoperability between modes of transport ranging from busses and trains, to ride-share and last-mile options such as bicycles and e-scooters.

tikpay’s executive team also includes experienced product leader Belinda Ralston as Chief Product Officer and veteran engineer Simon O’Connor as CTO.