Pango Pay & Go Ltd.

en.pango.co.il

Formerly Milgam Cellular Parking, Pango+

High-Tech Company

TECH VERTICALS

Automotive, Location Based Services, Mobile Applications, Payments, PayTech, Smart City, Tourism

General Data

Sector	Consumer-Oriented Software
Company Stage:	Revenue Growth
Established	2007
Number of Employees	84
Reg. Number:	abCDe

DESCRIPTION

Pango provides a comprehensive turnkey mobile payment parking solution to local government and parking lot owners with outstanding successful performance. The Pango App has become synonymous with driver and vehicle solutions. It is one of the most widespread applications in Israel in terms of the number of downloads and frequency of use.

TECHNOLOGY

Remote Cellular Parking Payment System. Pango has expanded the technological platform and provides a comprehensive solution for passengers with a variety of information and payment solutions available and convenient.
In the past year Pango has significantly expanded its basket of solutions also for payment for refueling and purchase in convenience stores in partnership with Sonol, payment for public transport together with Mobit through the existing Pango account.

	TARGET MARKETS
	Municipalities, Enterprises, Drivers

	BUSINESS MODEL
	B2B

AFFILIATION

Account ID	Affiliation Type	Name	Parent Name	Status
		Milgam Municipal Services Ltd.
43D77FD8-1F7A-E111-AC59-00155D32A403	Partnership	Pango Mobile Parking Ltd.	Milgam Municipal Services Ltd.	Ceased
FC4852FC-1F7A-E111-AC59-00155D32A403	Spin-off	Miltel Communications Ltd. (DataStream IoT)	Milgam Municipal Services Ltd.
85B52626-207A-E111-AC59-00155D32A403	Subsidiary	Pango Pay & Go Ltd.	Milgam Municipal Services Ltd.
FAEBB367-B3E3-EF11-B818-00505695CD29	Subsidiary	Urban Group AI Ltd.	Milgam Municipal Services Ltd.

REMARKS

Date	Remark
01/01/2007	Pango is a mobile application for payment of various transportation-related services in Israel, initially developed by Mobidom Ltd. (2002) (later, Pango Mobile Parking Ltd.), founded by entrepreneurs Shlomo Zeitman, Yoram Romem, and Amos Shtener. It was re-launched in 2007 by Milgam Cellular Parking Ltd. (now Pango Pay & Go Ltd.), a company formed after Mobidom and Milgam Ltd. won a national tender to operate a cellular parking system for three years. Mobidom held a patent for cellular parking technology, which was canceled in 2008 for lacking technological novelty.
01/01/2007	MCP is the Owner and the Operator of the Pango+ Brand in Israel.
	Pango Pay and Go (Formerly MCP) is jointly owned by Milgam Municipal Services Ltd. and Unicell Mobile Solutions. Milgam Municipal Services is the franchise holder of The Local Government Economic Services Ltd., operating the cellular parking network in every town in Israel.

CONTACT INFO

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Main Address: Petach Tikva, Israel

Address	49 Hasivim St.
City	Petach Tikva
Country	Israel
Zip	4959504

Contact Person	abC Defghij
Contact E-Mail	abC Defghij
Company E-mail	abC Defghij
Telephone	abC Defghij
Fax	abC Defghij

	MANAGEMENT

Key Executive

Name	Title	Previous Position
Mr. Jonathan Alon	CEO	Buyme (CEO)
Mr. Yaniv Kalo	CTO	Shvoong (CTO)
Mr. Kfir Einhorn	CFO & COO
Ms. Lital (Bublil) Frankel	CMO
Ms. Liat Peled	VP, Product Management
Ms. Daniel (Greenberg) Giladi	Chief Legal Officer

	BOARD

Board

Member	Title	Affiliation
abC Defghij	Chairman	- Chairman at Milgam Ltd.
abC Defghij	Board Member	N\A
abC Defghij	Board Member	CEO, Foriland Investments
abC Defghij	Board Member	CEO & Managing Partner, IIF Israel Infrastructure Fund
abC Defghij	Board Member	N\A

	FINANCIAL ROUNDS

Total Capital Raised
abCDe

Financial Rounds

Numbers of Investors

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Round

Date

Stage

Amount

Valuation

Secondary Deal

Nov. 09, 2020

Initial Revenues

abCDe

IIF, Harel Insurance Company and Zvi Barak purchased 44% of the company for NIS 244m at a valuation of NIS 550m. Milgam will remain with 55% of the company.

* New investor

Investor	Type	Amount	Remarks
abC Defghij*	Private Equity Fund	abCDe	Purchased 22% for NIS 122m.
abC Defghij	Institutional Investor	abCDe	Purchased 17.6% of the company for NIS 98m.
abC Defghij	N/A	abCDe	Purchased 4.4 of the company for NIS 24m.

Secondary Deal

Jun. 01, 2011

Initial Revenues

abCDe

Purchased 49% of the company for $2m (NIS 7.5m) from Milgam Municipal Services.

* New investor

Investor	Type	Amount	Remarks
abC Defghij	High-Tech Company	abCDe	Purchased 49% of the company for $2m (NIS 7.5m) from Milgam Municipal Services.

Seed

Oct. 01, 2007

Seed

abCDe

Last Updated:	abCDe
IVC Number:	abCDe