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Travelstop Raises US$1.2 Million Seed Funding to Launch a Modern Platform That Simplifies Business Travel in Asia


August 27, 2018

Published on Aug 27, 2018


Travelstop
Image Source: travelstop.com

Travelstop, a Singapore based travel startup that plans to re-imagine and simplify business travel in Asia, has raised US$1.2 million (S$1.65 million) from leading investors in Singapore and USA, and is launching in Singapore and the rest of Southeast Asia today.

Travelstop is a modern AI-powered software-as-a-service (SaaS) platform aimed at simplifying business travel for corporates in Asia. It provides easy to use tools that simplifies the business travel booking process, while automating expense reporting and providing meaningful insights to business owners.

The Asia Pacific region is the largest business travel market in the world, comprising 40% of global business travel, and is on track to grow at 10.4% CAGR between 2015 - 2023 (Europe 3.8%, US 4.1%). While current business travel solutions are designed for large corporations and traditional business travellers, the unmanaged travel space in Asia, which is increasingly dominated by millennials, needs a simpler and more flexible solution: one that keeps costs low, allows a level of flexibility and gathers all data and expenses into a single, easy-to-use interface.

Travelstop addresses this gap by providing a platform that simplifies business travel booking and automates the expense reporting process for employees. It uses advanced machine learning and AI-powered personalisation to make flight and hotel recommendations, reducing the hours needed by business travellers to research and book their travel. Employees also have access to an intuitive expense reporting tool that simplifies the expense reimbursement process.

Travelstop is available for free for a limited period, sign up at travelstop.com

 

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