Meter Feeder

Overview
News
Smart Mobility Information?
Product stageSegments
Minimum Viable Product
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Park & Go app
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Meter Feeder, a Y Combinator alum, is a parking meter payment app. Meter Feeder partners with city municipalities to allow commuters to pay for parking meters via its smartphone app. Users are able to pay for parking for a specified time through their smartphone; it accepts credit cards and Apple or Google pay. The firm collects a processing fee for every parking meter payment made through its app. Meter Feeder also has solutions for vehicle fleets where its payment platform can be integrated into fleet management platforms without the need for hardware installation.

Meter Feeder also provides parking enforcement officers with a tablet to check for payments and a portable Bluetooth printer to issue parking tickets for fines. The firm claims its tools can increase parking enforcement officers' productivity by more than 25%. The firm focuses on creating a more secure and easier payment platform than its peers. With this in mind, the app uses GPS to locate where a user has parked and allows payments to be made without having to first create an account. The firm also focuses on localizing its app to the specific city such as by incorporating the local vernacular into its search function.

Key customers and partnerships

As of March 2022, Meterfeeder has a presence in cities in the US including Pittsburgh, Rhode Island, New Jersey, Ohio, and Philadelphia.

Funding and financials

Meter Feeder issued a convertible note in November 2020 led by Mountain State Capital. In August 2021, the firm stated that it had plans to expand its team and introduce new features in order to adapt it for autonomous vehicles.

HQ location:
522 Braddock Ave Braddock PA USA
Founded year:
2014
Employees:
1-10
IPO status:
Private
Total funding:
USD 4.1 mn
Last Funding:
USD 2.6 mn (Seed; Apr 2022)
Last valuation:
-
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