MonkeyParking is a company under US law, with headquarters and operations in San Francisco, California. It manages a “smart” APP, which connects those looking for a parking space in a certain area with those who are freeing one; if the applicants are more than one, the application organizes an economic auction among the applicants and assigns the place to the highest bidder. The cash transaction takes place as soon as the auctioneer actually manages to park, with a commission for Monkey Parking. The application also provides various functions reserved for parking managers (garages, public parking lots, company car parks, shopping centers, etc…).
As of December 31st 2017, Withfounders holds a convertible loan ($ 75,000) which is triggered at the completion of the ongoing financing round A.