PARQ LTD

What PARQ LTD does

PARQ LTD is a UK-incorporated (England and Wales, company number 12057020) parking technology company founded in 2019, with primary operations in Colombia and a localized Spanish-language platform at parqtech.com/co. The company operates three product lines: PARQ PRO, a cloud-based SaaS for commercial parking facilities requiring payment collection and access control; PARQ ACCESS, an access-control solution for private parking facilities without charging requirements; and PARQ TECH, a hardware line comprising ANPR cameras, automatic barriers, PARQ NET connectivity routers, tablets, and all-in-one POS terminals available for rent or purchase. The underlying platform provides real-time occupancy monitoring, dynamic pricing, paperless digital ticketing via WhatsApp and email, and multi-channel payment acceptance (cash and digital cards), with administrative controls via a web-based administrator portal.

The business model combines tiered SaaS subscriptions, transaction-based payment gateway fees, hardware sales and rentals (12-month minimum rental term), and professional services for electronic invoicing integration. Pricing tiers scale by monthly service volume (Free, Basic at 650 cash services, Standard at 1,400-2,500, Enterprise above 2,500), with contract-length discounts of 5-15% over 2-6 year terms and upfront payment discounts of 2-10%. Go-to-market is product-led through self-serve operator registration at app.parqtech.com/sign-up, supplemented by a sales-assisted enterprise motion for high-volume operators.

Primary customers are parking operators across public car parks, private lots, street parking, and residential complexes in Colombia, with secondary segments including vehicle drivers and third-party service providers (car wash, mechanics, designated drivers). The platform's Colombian regulatory value proposition is anchored in native integrations with SIIGO, Alegra, and SATCOM for DIAN-compliant electronic invoicing, supported by Stripe for payment processing and Meta/Google services for authentication and analytics. Compliance coverage includes GDPR, UK GDPR, CCPA, and LGPD.

Name

PARQ LTD

Legal name

PARQ LTD

Website

https://parqtech.com

Company type

Private

Founded year

2019

Operating status

Operating

Short description

PARQ LTD is a UK-incorporated parking technology company that provides cloud-based SaaS and hardware solutions for parking operators in Colombia, offering access control, digital payments, and DIAN-compliant electronic invoicing across public, private, street, and residential parking formats.

Ownership category

akta.pro rank

Product category

Parking Management Software

NAICS

Parking Lots and Garages (81293)

SIC

Services-Facilities Support Management Services (8744)

akta.pro primary industry

Digital Payments & Enforcement for Parking (Mobile Pay, LPR/ANPR, Citation Mgmt) (TLAJAIAE)

akta.pro secondary industries

Parking & Toll Payment/Reservation Platforms (BPAMAIAL), Parking Access & Revenue Control Systems (PARCS) (Gates, Pay Stations, Ticketing) (TLAJAIAD), Parking Access & Revenue Control (PARCS) & Payment Systems (BPABAKAD)

Keywords

• Parking management software
• Access control solutions
• ANPR camera systems
• Electronic invoicing integration
• Smart parking hardware

Headquarters

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Subscription Plans: Monthly subscription plans based on number of monthly services (vehicle stay cycles: entry, parking, and exit). Plans include Free (card payments only), Basic (650 cash services/month), Standard (1,400-2,500 cash services/month), and Enterprise (custom >2,500 services). Pricing tiers differentiated by service volume with annual payment discount of 10%.
2. Payment Gateway Service Fee: Service fee calculated as a percentage of gross transaction value processed through integrated payment gateways. Fee can be passed to end users at point of payment or absorbed by the client. Separate from PSP (payment service provider) fees which are borne by the client.
3. Hardware Sales and Rental: Sale and rental of parking hardware including ANPR cameras, automatic barriers, PARQ NET routers, tablets, and all-in-one terminals. Hardware available in rental and sale models with 12-month minimum term for rentals.
4. Electronic Invoicing Integration Services: Technical integration, configuration, and ongoing maintenance services for connecting parking management with electronic invoicing systems (SIIGO, Alegra, SATCOM).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

PARQ LTD provides a 100% digital cloud-based parking management SaaS platform (PARQ PRO for paid commercial parking and PARQ ACCESS for private access-controlled facilities) integrated with proprietary hardware including ANPR cameras, automatic barriers, all-in-one terminals, Wi-Fi routers (PARQ NET), and tablets. The platform supports real-time availability management, cash and digital payments (via Stripe and regional PSPs), paperless ticketing through WhatsApp/email, dynamic pricing, and electronic invoicing integrations (SIIGO, Alegra, SATCOM) for DIAN-compliant regulatory compliance in Colombia.

Product overview

PARQ LTD offers a unified parking management platform combining SaaS software and complementary hardware products. The core software products are PARQ PRO (commercial parking with payments) and PARQ ACCESS (private parking access control), which operate on a cloud-based platform accessible via web and mobile apps. PARQ TECH provides technology hardware (ANPR cameras, automatic barriers, tablets, routers) that integrates with the software. The platform supports electronic invoicing integrations with SIIGO, Alegra, and SATCOM for Colombian regulatory compliance. All devices come bundled with PARQ PRO access and include 24/7 support and automatic updates. PARQ is governed by a Master Service Agreement and operates under UK jurisdiction while serving Colombian and international markets.

Differentiator

Problem solved

Functional benefit

Brands

• PARQ PRO: SaaS solution for commercial parking locations requiring payment and access control. Includes digital payments, real-time availability, reporting, and automated billing features.
• PARQ TECH
• PARQ ACCESS

Products and services

• PARQ PRO Professional cloud-based parking management software for commercial parking facilities that need payment collection and access control. Includes real-time availability automation, digital payments (cash and card), dynamic pricing, paperless digital tickets/receipts via WhatsApp and email, and detailed reporting on occupancy, revenue, and trends. Available in tiered subscription plans (Free, Basic, Standard, Enterprise) based on monthly service volume.
• PARQ ACCESS Smart access control solution for private parking facilities that do not charge for parking. Provides real-time control, security monitoring, authorized vehicle registration, detailed reports, custom settings, automatic alerts, and integration with ANPR cameras and automatic barriers for automated entry/exit.
• PARQ TECH Technology hardware product line for parking facilities including ANPR cameras (automatic license plate recognition), automatic barriers, payment kiosks, and PARQ NET connectivity routers. All PARQ TECH devices come with full PARQ PRO access, 24/7 technical support, secure terminal protection, automatic updates, and single-system integration. Available for rent or purchase.
• PARQ POS Terminal All-in-one preconfigured terminal device with integrated PARQ Operator app enabling management of parking operations from a single device. Supports WiFi and 4G connectivity, cash and digital payments, ticket and receipt printing, unlimited users, and includes PARQ PRO plan access.
• PARQ NET Wi-Fi router with unlimited internet data and additional data available on demand, designed for parking facilities requiring connectivity and CCTV monitoring data. Available for rent or purchase.

Quantifiable outcome

• Reduction in cash handling and associated accounting errors through digital payment integration
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration9 records

Feature9 records

Partnerships

Four partnerships are on record, tiered core.

• SIIGOcoreTechnology or IntegrationIntegration partnership for electronic invoicing compliance with DIAN requirements in Colombia. SIIGO is one of Colombia's most popular accounting and invoicing systems. The integration enables automatic synchronization of parking transaction data, instant generation of DIAN-compliant electronic invoices, and reduced billing errors. Available to PARQ clients operating parking facilities in Colombia.
• AlegracoreTechnology or IntegrationIntegration partnership for electronic invoicing with Alegra's accounting platform. The integration enables easy import of client and service data from PARQ to Alegra, automatic issuance of DIAN-compliant electronic invoices, access to detailed financial reports combining PARQ and Alegra data, and simplified accounting management for car parks in Colombia.
• SATCOMcoreTechnology or IntegrationIntegration partnership for electronic invoicing with SATCOM system. The integration provides real-time transfer of transaction data from PARQ to SATCOM, automatic generation of DIAN-compliant electronic invoices, efficient consolidation of financial and operational data, and improved traceability of car park operations in Colombia.
• StripecoreTechnology or IntegrationPayment gateway partner for processing credit and debit card transactions. PARQ LTD bills software services through Stripe as a trusted payment provider. Stripe handles the technical aspects of payment processing including multi-currency transactions for international users. VAT is applied to UK customers through Stripe billing.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Q-Free: Public-listed intelligent transportation systems provider covering tolling, parking, and traffic management. Competes in the broader smart-parking infrastructure market with solutions for on-street and off-street operations including ANPR/LPR.
• T2 Systems: Established North American parking management software vendor serving universities, municipalities, and commercial operators. Broader portfolio than PARQ but operates in the same parking-management SaaS category with hardware integrations.

Emerging players

• ParkHelp: LATAM-rooted smart parking technology vendor offering sensors, ANPR, and guidance systems for parking operators. Direct regional adjacency to PARQ in Latin America and overlapping product footprint in parking sensor and ANPR hardware.

Direct peers

• ParkMobile: Largest US parking payment app and operator SaaS provider, owned by EasyPark. Closely mirrors PARQ's product-led parking payments, operator dashboard, and reservation workflows, providing a strong reference point on customer-segment penetration and pricing tiering.
• FlashParking: US parking management SaaS combining cloud-based operator software, PARCS hardware, and access control — closely mirrors PARQ's hardware-software bundle strategy (PARQ TECH + PARQ PRO).
• SpotHero: North American parking marketplace and operator SaaS, combining driver reservation/payment with operator management software. Overlaps with PARQ's operator software + driver-facing reservation roadmap (PARQ's upcoming driver app).
• PayByPhone: Global mobile parking payment platform used by municipal and commercial operators, similar in scope to PARQ's PARQ PRO. Comparable digital-ticket, dynamic-pricing, and operator-revenue tooling with established municipal integrations.
• EasyPark: European-headquartered parking SaaS and mobile payment platform serving operators and drivers across 20+ countries. Directly comparable to PARQ in combining parking operator software, mobile payments, ANPR integration, and dynamic pricing — but at global scale versus PARQ's Colombian focus.
• ParkBee: European parking management platform focused on digitizing underutilized private and commercial parking. Comparable SaaS + access-control positioning to PARQ ACCESS, with similar target customers in private/residential and commercial facilities.
• Telpark (Empark): Parking operator and technology platform with strong presence in Spain and expanding in Latin America. Direct competition for PARQ in LATAM with proven operator SaaS, mobile payments, and on-street parking solutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/parqtech

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PARQ LTD