Travel Companies Push for Smoother Payments: Startup Funding Roundup
Photo Credit: Five travel tech startups raised over $88 million in the last two weeks. Pixabay / Free stock photos from www.rupixen.com
Skift Take
Consumers are pushing payments for travel into the digital age as they demand smoother options.
Travel payments is the theme for this week's startup funding roundup.
Three of the startups featured this week are focused on simplifying various types of payments for the travel industry.
The most notable is Nium, which makes it easier for travel companies to exchange money between currencies. The travel industry historically has been behind in making the payments experience as smooth as possible. But there’s been a focus in recent years on catching up.
Amadeus has heard from travelers that easy payments are a top expectation for the industry in the next 10 years.
Five travel tech startups announced over $88 million in fundraises over the last two weeks.
Nium: $50 MillionNium, a business-to-business fintech platform that handles cross-border payments, has raised $50 million in a series E funding.
The round values the company at $1.4 billion, Nium said. The company has now raised $338 million, according
