Company Overview
Snapshot
Founded in October 2012 by Ofer Sinai, Itzik Mizrachi, and David Mezuman, HopOn operates with 11–50 employees. The company has raised $11 million across 4 funding rounds from 9 investors. In August 2023, HopOn won an international tender in Germany to build an integrated payment system for all modes of transport in the city of Halle, demonstrating its continued expansion in the European market.
Business overview
HopOn provides comprehensive mobility and data collection solutions tailored for public and shared transportation. Leveraging a patented, hardware-free validation process, its platform supports various ticketing scenarios and regulatory requirements. The company's technology facilitates a smooth transition for operators to post-paid, account-based billing, and best-price models. HopOn serves the public transportation sector, operating within the Automotive & Mobility Technologies and Fintech & Insurtech sectors, with a focus on urban mobility and money transfer & management.
Strategic signal
In August 2023, HopOn secured a significant international tender in Germany to develop an integrated payment system for Halle's public transport. This win, coupled with reported annual sales of $15 million and 50% growth, signals strong market validation and successful European expansion. The strategic acquisition of TAFmobile, a key component in securing this tender, further underscores HopOn's aggressive growth strategy and its ability to integrate complementary technologies to enhance its offerings and market reach.
Log in to access full profile ›Company Intelligence Q&A
- What significant tender did HopOn win in Germany?
- In August 2023, HopOn won an international tender in Germany to build an integrated payment system for all modes of transport in the city of Halle.
- Which companies has HopOn acquired to support its European expansion?
- HopOn acquired UK-based ECR for $10 million in August 2021 and German company TAFmobile in March 2022 for several million euros, as part of its strategic plan for growth and expansion in the European market.
- What was the purpose of the partnership between HopOn and bit (Bank Hapoalim)?
- In December 2021, HopOn partnered with bit, a payment app from Bank Hapoalim, to enable users to securely and quickly load their Rav-Kav public transportation cards without needing to enter credit card details, streamlining the payment process.
- What was a key investment in HopOn in May 2021?
- In May 2021, UMI invested NIS 15 million (approximately $4.5 million) in HopOn, receiving an 18% stake in the company. This investment was aimed at supporting HopOn's international expansion and developing an advanced technological platform for transportation.
- What was the focus of HopOn's Series A financing round in January 2018?
- In January 2018, HopOn completed a Series A financing round with Dan Public Transportation as a prominent investor. The funding was intended to further develop its mobile ticketing and big data products, supporting its operations in the Greater Tel Aviv metropolitan area, the Czech Republic, and Spain, and piloting in Germany.