PassEntry Gears Up for Global Expansion with New Investment
Deal News | Feb 27, 2025 | Business Cloud
PassEntry, a London-based firm specializing in digital pass issuance, has secured significant funding led by Bonsai Partners and Acurio Ventures. This investment is aimed at enhancing PassEntry's integration with point-of-sale (POS) systems globally, and consequently expanding its customer base by 300%. With a mission to streamline the process of distributing and managing digital passes, PassEntry plans to expand into five new countries, focusing on North America and the Asia-Pacific region. The company's strategic growth is part of its vision to emerge as a global leader by 2025, providing seamless experiences through Apple Wallet and Google Wallet. CTO and co-founder, Nico Cary, emphasizes the firm's target to simplify and elevate the digital wallet space. Ander Michelena from Acurio Ventures supports PassEntry's role in tapping into new revenue potentials and enhancing customer engagement through digital wallets.
Sectors
- Financial Technology (FinTech)
- Technology
Geography
- United Kingdom – PassEntry is based in London and is actively seeking investment and growth opportunities within the UK.
- North America – Part of PassEntry's expansion plan focuses on establishing a presence in North America.
- Asia-Pacific (APAC) – PassEntry plans to expand operations within the Asia-Pacific region as part of its international growth strategy.
Industry
- Financial Technology (FinTech) – The article discusses the investment in PassEntry, which is focused on digital wallet and pass issuance technology, a key segment of the FinTech industry.
- Technology – PassEntry's efforts in integrating with POS systems and digital passes fall under the broader technology sector, involving innovations in digital infrastructure and user experience.
Financials
- Not specified – The article does not specify the exact amount raised by PassEntry in the investment round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PassEntry | Target Company | Company | A London-based company specializing in digital pass issuance aiming to expand globally. |
| Bonsai Partners | Investor | Company | A lead investor in PassEntry's latest funding round. |
| Acurio Ventures | Investor | Company | A lead investor supporting PassEntry's growth and expansion plans. |
| Nico Cary | CTO and Co-Founder | Person | Chief Technology Officer and Co-Founder of PassEntry, emphasizing ease of use in digital pass integrations. |
| Ander Michelena | Founding Partner | Person | A founding partner at Acurio Ventures, expressing support for PassEntry's growth and impact in digital wallets. |