Hotailors Lands $24 Million to Build New Financial Products: Travel Startup Funding This Week
Photo Credit: Hotailors, a corporate booking tool, has secured $24.17 million in new funding. Unsplash / Caleb Minear
Skift Take
Hotaliors secures more cash to develop new products and carry out a rebrand, while insurance platform Faye wants to make claim processes even easier with fresh funding.
Travel Startup Funding This Week
Each week we round up travel startups that have recently received or announced funding. Please email Travel Tech Reporter Justin Dawes at jd@skift.com if you have funding news.This week, five travel startups collectively announced more than $114 million in funding
>> Hotailors, a corporate booking tool, has secured $24.17 million in new funding.
The corporate round was provided by existing investor DC24 ASI.
The capital will be used to launch new insurance and financial products, expand in the U.S., Middle East and North Africa, and also help fund a rebranding from Hotailors to WorkTrips.com.
The Poznan, Poland-based company counts Google, Vodafone and Microsoft as customers.
>> Cabify, a ride-hailing app, has received a loan of $41.85 million to buy 1,400 electric vehicles.
The investment was approved by the European Investment Bank.
Spain's Cabify will also invest in digital infrastructure, while the funding will improve the supply of emission-free urban mobili
