Travel startup Hotailors secures $24.17 million to make new financial products
- ByStartupStory | May 13, 2022
Hotailors, a corporate booking firm has raised $24.17 million in its new funding. The round was led by DialCom 24 which is its existing investor. The fresh capital secured will be used to launch insurance and financial products and would extend its reach to the US, Middle East and North Africa. Funds would also be utilised to rebrand Hotailors to WorkTrips.com.
Hotailors was founded in 2016 and is an AI-powered SaaS solution that can assist in organising and supervising Business trips of contractors as well as full-time job employees. This Polish startup already provides flights from over 900 airlines, and 2.2 million hotels worldwide having 24/7 customer service and flexible invoicing. Flip Bloch, the co-founder and CEO of the company said that the startup has survived the most difficult time of the pandemic.
The startup was developed to make it easy for companies to organize business travel as well as specialise in handling work trips for the employees. The company also provides the customers with complete knowledge of travel expenses and real-time management along with real-time control over expenses.
After the fresh capital, the company will continue to work on its goal of becoming the leading player in the global travel market space. And would plan to extend and strengthen its place in the existing market.
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