The agreement was specified for up to USD 2 billion equivalent transferrable term loan facility with a greenshoe option of up to USD 500 million.
Dawex would act as an enabler, allowing different travel and hospitality players to exchange information in a safe and compliant manner.
The funding will go towards accelerating the group’s expansion, with particular focus on its RateHawk B2B brand.
The deal gives BCD Travel controlling interest in their operations in Japan, one of Asia Pacific’s most important markets for corporate travel.
The two companies have worked together since 2015 when 3Mundi became part of Flight Centre's FCM Travel Solutions network as an independent licensee for the markets of France and Switzerland.
Though the company’s executives said that fresh funds would be injected by early July, it still seems to be a long way from securing that cash.
Taxi2Airport plans to use the funding to accelerate its growth by boosting b2b partnerships with travel platforms and looking for opportunities in Asia.
ConnexPay says its technology reduces risk and eliminates the need for online travel agencies, tour operators and consolidators to pre-fund payments or obtain lines of credit.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.