Masabi wins Sourcewell contract for transit fare tech

Masabi has landed a Sourcewell cooperative purchasing contract that gives more than 50,000 public agencies in the U.S. and Canada a quicker path to buy its Justride fare payments platform. The award is designed to cut procurement time and broaden access to modern transit payment tools for agencies of all sizes. Why it matters: - The Sourcewell contract can shorten the buying process for transit agencies that want to modernize fare collection. - Public agencies, municipalities, counties, tribal governments and transit authorities in the U.S. and Canada can now procure Masabi’s Justride platform through Sourcewell. - The agreement expands access to enterprise-grade fare payments across agencies that may not have the budget, timeline or legal bandwidth for a full direct procurement. What happened: - Masabi announced June 17, 2026, that Sourcewell awarded the company a cooperative purchasing contract under its Transportation Services Payment Solutions category. - The contract makes Justride and multiple hardware options available for direct procurement through Sourcewell’s cooperative purchasing program. - Masabi said the award gives agencies a faster, simpler route to adopting modern fare payment systems. The details: - Sourcewell runs a nationally competitive solicitation process on behalf of public agencies and awards contracts that satisfy public procurement requirements. - Through the Sourcewell Master Service Agreement, member agencies can move directly to procurement with documentation and an audit trail already in place. - The contract includes pre-negotiated rates backed by Sourcewell’s national buying power. - The agreement is available across the U.S. and Canada, unlike single-state purchasing vehicles that can limit out-of-state procurement. - Justride is Masabi’s enterprise-grade SaaS platform for fare payments. - The platform covers mobile ticketing, account-based ticketing and open payments. - Agencies can buy the full platform or start with a standalone module and expand later as needs and budgets change. - Masabi says the platform was designed to serve all riders, including unbanked and underbanked passengers. - Brian Zanghi, Masabi’s CEO, said procurement often slows agencies’ ability to improve rider journeys and that the Sourcewell contract removes that friction. - Masabi powers fare payments for more than 300 transit agencies worldwide. - The Justride platform processes more than $1 billion in fare transactions annually. Between the lines: - The award positions Masabi to reach agencies that may prefer cooperative purchasing over a longer competitive bid process. - Sourcewell’s multi-jurisdiction coverage may make the contract especially useful for agencies that operate across state or national boundaries. - The deal also signals growing demand for fare systems that can be adopted in stages rather than through a single large deployment. What’s next: - Transit agencies can now use the Sourcewell contract to start or expand fare payment projects with less procurement overhead. - More public-sector buyers in the U.S. and Canada are likely to evaluate Justride as a faster path to modernization. - Masabi expects the contract to broaden access to its fare technology for communities of different sizes, timelines and budgets. The bottom line: - Sourcewell gives Masabi a streamlined sales route into the public transit market and gives agencies a quicker way to buy modern fare collection tools.