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Citymapper has released some financial information concerning 2021 and it looks like it made a loss of £7.4 million, in part due to the pandemic restrictions that were in place during that year.
The health crisis that took the world by surprise in 2020 produced a major impact on almost every little part of the tech industry, including mapping sof...
Much-loved travel app has never made a profit despite enjoying rapid growth
Citymapper burns through £9m as subscription revenues grow The travel app launched its Pass subscription service in 2019 18 December 2020 • 2:26pm Citymapper’s new Pass travel card boosted revenues at the London mapping start-up to £5.8m, although it still lost £8.9m last year. The start-up, which makes the popular Citymapper travel app, increased revenues from just £516,000 on the back of the launch of its Pass card. The travel card charges users a subscription fee for access to unlimited travel on London public transport as well as credit on ride-hailing taxis and hiring e-bikes. ...