Swiipr, a London, UK-based travel paytech company, raised £6M in Series A funding.
The round was led by Octopus Ventures, with participation from TX Ventures and Solano Partners.
The company intends to use the funds to develop its strategy, product and technology, including investment into R&D, AI and data analytics and to drive international airline market growth.
Led by Tara Spielhagen, CEO, Ian Clowes, Chairman, Swiipr travel paytech company that aims to innovate the airline industry ‘s compensation payments systems. Its integrated digital platform includes virtual and physical pre-paid compensation cards and a mobile app. For passengers, the company has launched the Swiipr Compensation Card, which enables airlines to distribute funds directly to passengers at the point of disruption (such as denied boarding or lost luggage), and the Swiipr Welfare Card, which enables airlines to instantly distribute food & beverage payments when flights are delayed. The cards offer payouts, in a digital format.
Having launched in 2020, Swiipr is already used by 26 airlines across 70 countries, including a major flag carrier whose 4,000 staff are utilising the platform in over 167 of its airports globally.
FinSMEs
28/05/2024