Mystifly, a Singapore-based vertical SaaS & marketplace provider for the airline industry, raised $8M in Pre Series B funding.
The round was led by CSVP, with participation from RSI Fund I and Jenfi & Crusade Partners.
The company intends to use the funds to extend the market reach of its SaaS products and services.
Founded in 2009 by Rajeev Kumar and Bharat Goyal, Mystifly is a Vertical B2B SaaS provider in airline retailing. It enables Online Travel Agencies (OTAs), and travel intermediaries to access a vast inventory of airfares (with or without commercial agreements with airlines), including LCC (Low-Cost Carriers), NDC (New Distribution Capabilities) and GDSs (Global Distribution Systems) while also offering airlines an alternative distribution and payments reconciliation and settlement platform. The company offers multi-source shopping that unifies airline offers, order management and payments on a single platform enabling offer discovery, ticket order management, ancillary sales, post-booking services and payments for over 700 airlines including 200+ Low-Cost Airlines, airlines moving to New Distribution and traditional full-service Airlines.
Customers include online travel agencies, loyalty programs, e-commerce platforms, fintechs, travel management companies, travel agencies, concierge businesses, wholesalers, and aggregators. Customers include names such as Priceline, American Express Leisure Travel, JPMorgan Chase, Travel Perk, Kiwi, MakeMyTrip, Paytm, Agoda, EaseMyTrip, Arrivia, and many more.
Its suite of products empowers over 3000 clients globally with offices in Singapore, UK, the USA, and India.
FinSMEs
24/03/2023