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Fairjungle picks up a $2 million funding to modernize corporate travel management

06/20/2019| 11:46:16 AM| 中文

In order to modernize that industry, Fairjungle is leveraging the inventory of Skyscanner, Booking.com, Amadeus, Travelfusion and Hotelbeds.

French startup Fairjungle wants to make it easier to book a flight or a hotel room for corporate purposes. The company just raised a $2 million funding round (€1.8 million) from Thibaud Elzière, Eduardo Ronzano, Bertrand Mabille and Whitestones Ventures.

If you work for a big company, chances are you book corporate flights through GBT, CWT or BCD Travel. And let’s be honest, the web interface usually sucks. It’s often hard to compare flights, change dates or even get a fair price.

Fairjungle is betting on a modern user experience and a software-as-a-service business model to change this industry. The idea is to make it feel more like you’re using a flight comparison service instead of a travel agency with a website.

In order to modernize that industry, the startup is leveraging the inventory of Skyscanner, Booking.com, Amadeus, Travelfusion and Hotelbeds. This way, you can book flights on 400 airlines and reserve hotel rooms in one million hotels.

Instead of charging per transaction, Fairjungle has opted for a SaaS model with a subscription of €5 per monthly active user.

Fairjungle currently focuses on small and mid-sized companies. The company has attracted 20 clients so far, including OVH. And it expects to generate $3.4 million (€3 million) in gross bookings by the end of the year.

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TAGS: Fairjungle | investment | TMC
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