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Admyt
South African parking technology company From Wikipedia, the free encyclopedia
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Admyt (stylized in lowercase) is a South African ticketless parking service provider. Founded in 2015, the company is headquartered in Cape Town.[3]
Admyt operates an app-based parking system, in partnership with property investment and management companies, that enables consumers to pay for parking without the use of physical tickets.[5]
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History
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Admyt was founded in 2015, with the goal of enhancing the parking user experience. Leveraging license plate recognition software, the company developed a platform through which consumers could pay for parking without interacting with traditional ticket machines.[1]
The company launched its first operations in 2016, at Benmore Gardens, Rivonia Village, Cradlestone Mall, and Sandton City shopping centers.[6]
In 2023, Admyt secured the first funding through the REdimension Real Estate Technology and Sustainability Fund, at a total investment of R30 million. The fund is backed by companies including Burnstone Real Estate Partners, Growthpoint Properties, Rand Merchant Bank, Liberty Holdings, and Sphere Holdings.[1]
Also in 2023, the company announced that it had a user base of over 120,000 individuals, and had managed a total of over 9 million parking events since its foundation.[1]
In June 2024, as part of its expansion, Admyt officially partnered with Growthpoint Properties, South Africa's largest real estate investment trust (REIT).[7]
In July 2024, Admyt had over 250,000 vehicles registered on its platform, and was serving 70 sites across South Africa.[8] The total number of registered vehicles had reached 280,000 by February 2025.[2]
In the same month, Admyt took over app-based parking operations at Durban's Galleria Mall from competitor KaChing.[9]
South African REIT Hyprop announced a partnership with Admyt in September 2024, and its intention to roll out Admyt's platform across several major malls, providing access to a combined 30,000 parking bays.[2]
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Operations
Admyt works by means of license plate recognition technology, via cameras positioned at entrances and exits of retail and commercial buildings. Instead of taking a physical ticket from a parking machine, users simply stop near the parking lot's boom, and wait for it to open. Consumers are billed as per payment details loaded into the Admyt app, after creating a profile.[5][10][11]
As of mid-2025, Admyt was operational at 82 locations (59 retail and 23 commercial), and in over 100,000 parking lanes, across South Africa and Poland. Major locations include Growthpoint Properties developments such as the V&A Waterfront[12] and Gardens Shopping Center, as well as other locations including Sandton City, Blue Route Mall, The Leonardo, Mall of Africa, Constantia Uitsig, Cape Gate, Lifestyle on Kloof, Fourways Mall, Cape Quarter, Somerset Mall, and Canal Walk.[13][4]
Also in mid-2025, the company's app had over 400,000 registered vehicles, and over 10 million monthly parking events, and over 15 million tickets had been saved by using the app since the company's inception.[4]
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See also
References
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