Passport
“Can a parking-app company become the embedded payments and curb-monetization rail for every city?”
Founded2010
HQCharlotte, North Carolina, United States
FoundersBob Youakim, Khristian Gutierrez
Total raised$125M
Latest roundSeries D, 2019 ($65M)
IndustryVertical SaaS / Parking & Curb Management
The story
Passport began in 2010 as a mobile parking payment app and has steadily expanded into a vertical SaaS platform for cities and parking operators covering compliance, enforcement, permits, citations and curb management. In November 2025 the company launched Passport Payments — its own embedded, PCI-certified, PayFac-registered payment platform — moving up the stack from app-only payments to becoming the GovTech payments rail for municipalities. The strategic shift is from parking-app-with-payments to financial-infrastructure-for-the-curb.
Product timeline
2010
Founded in Charlotte, NC as a mobile-based parking payment platform· founding
2019
Closed $65M Series D led by Rho Capital Partners· funding
2025
Launched Passport Payments, a fully embedded payment platform for the public sector· product_launch
Regulated entities
Payment Facilitator (PayFac)
US
Passport Labs, Inc.
The stack
Payments / PSP
Accounting gap: none