WeTravel secures $27m for travel and payments platform


WeTravel, a San-Francisco and Amsterdam headquartered travel booking and payments platform, has raised $27m in Series B funding.

According to a report from Silicon Canals, the round was led by Left Lane Capital.

Base10 Partners and Swift Ventures, existing investors, and several high-profile angel investors also participated in the round.

The Series B brings the company’s total capital raised to £34m.

Founded in 2016 by Johannes Koeppel (CEO), Garib Mehdiyev (CTO), and Zaky Prabowo (CMO), WeTravel provides a booking and payments platform for multi-day and group travel companies.

The company aims to support travel business by digitising and simplifying the travel booking process, from itinerary building to trip management.

WeTravel leverages SaaS and FinTech solutions to handle the needs of multi-day travel businesses booking and payments in one platform.

Currently, the platform is used by more than 3,000 travel companies to transact with nearly 500,000 travellers and thousands of suppliers annually.

Koeppel, said, “Over the past six years, we’ve developed an intuitive and accessible booking management software built for multi-day travel businesses.

“From creating stand-alone or integrated trip pages—with travel features and functionality—to collecting and handling traveller information to transacting with travellers and suppliers across the globe, in an instant, WeTravel’s platform has made it possible for any travel business to not only operate a business but to be a successful travel business owner.”

To extend the company’s platform’s capabilities for users, Koeppel continued, “we’ll be investing in multi-day travel businesses to engage, transact and retain their stakeholders and increase revenue. What this platform extension means is an opportunity for travel businesses to access the necessary booking and payment options to help grow their travel business.”

Earlier this month, TripActions, an all-in-one travel, corporate card and expense management company, raised $300m in Series G funding.

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