Pango, a mobile parking payment app, with headquarters in New York and Israel, has secured $6.5 million in funding with D.H Rondor, an online payment innovator. Adir Inbar of Rondor is joining Pango’s board of directors, and explains, “We invested in Pango, because Pango has one of the proven leading mobile payments and parking platforms in the world, integrating information about cars, drivers and businesses in one application.”
Pango developed the first pay-by-phone app, currently has 1 million subscribers and has a presence in 59 cities around the globe. It currently has expanded into Brazil in the Curitiba, a city with 10, 000 parking spaces, and will soon offer its services in other Brazilian cities. Pango is also growing on the U.S. side, and has a presence in New York City, Pennsylvania and Texas. Pango’s CEO Zion Harel said, “Pango’s vision is to reach every driver through their mobile or their car in the coming years, offering smart parking and so much more.”
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