Cars are a necessity in every household these days in most global economies. Now, with a wide range of price points to cater to every segment of the market, owning a car has become more achievable in more segments of the economy. Although this is great news for the consumers, this also comes with its share of problems such as congestion and parking. Parking has been a long-time challenge for drivers and parking owners. ParqEx was this innovative idea to solve this long-standing issue for parking owners and renters by renting out private, self-managed parking spaced. With over 2 million users using the ParqEx platform each year, operating on over 12 markets, ParqEx has succeeded in taking a complex problem and solving it by developing a simple to use robust, end-to-end parking platform.

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