CodiPark
Mobile Payment for Parking Lots
Company Overview
Snapshot
Founded in January 2015 by Tavor Ilan, Tomer Binamowitch, and Ohav Baumgrten, CodiPark operates with 1–10 employees. The company was acquired by Arrive Mobility in May 2018.
Business overview
CodiPark provides a mobile payment platform specifically designed for parking lots. Its core technology allows users to scan a barcode, pay, and exit without needing to interact with payment machines or wait in lines. This solution aims to streamline entrance and exit processes, thereby increasing revenue opportunities for parking lot owners by eliminating cash collection. CodiPark operates within the Fintech & Insurtech sector, focusing on mobile payments and serving the transportation and mobility market, particularly car owners in the United States.
Strategic signal
CodiPark's acquisition by Arrive Mobility in May 2018 signals a strategic consolidation within the parking technology sector. This move indicates a market trend towards integrating mobile payment solutions to enhance user experience and operational efficiency in parking facilities, validating CodiPark's technology and market approach.
Log in to access full profile ›Company Intelligence Q&A
- When was CodiPark acquired?
- CodiPark was acquired by Arrive Mobility in May 2018.
- Who are the founders of CodiPark?
- CodiPark was founded by Tavor Ilan, Tomer Binamowitch, and Ohav Baumgrten.
- What is CodiPark's primary market?
- CodiPark primarily serves the transportation and mobility market, specifically car owners in the United States, with its mobile payment solutions for parking lots.
- What is CodiPark's core technology?
- CodiPark's core technology is a mobile payment platform that enables users to pay for parking by scanning a barcode, designed to speed up entry and exit times.