PayTech Selfbook secures $25m in Tiger Global-headed Series A

Hotel payment software platform Selfbook has raised $25m from a Series A funding round led by Tiger Global Management.

The round also saw participation from Lachy Groom, Fin Venture Capital and Valia Ventures as well as some undisclosed angel investors.

Founded in 2018, Selfbook allows hotels to accept one-click payments directly through their websites while reducing chargebacks and cutting fraud. The company’s technology seeks to streamline the payment process for hotels through supporting Google Pay, Apple Pay, PayPal and traditional credit and debit cards.

Selfbook also groups multiple services such as activities, spa appointments and restaurant reservations into a single payment flow in order to bolster revenue and upsells.

According to Selfbook, it intends to use the new funds to continue to expand operations and its business reach.

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