WeTravel builds a organisation remuneration height for tiny transport businesses

WeTravel wants to be a remuneration height for tiny transport companies and organisation trips.

Founded by 3 newcomer entrepreneurs who met during University of California, Berkeley, a association has only sealed a $2 million seed turn to enhance a business among a tiny and medium-sized agencies that still play a purpose in tourism and travel.

Last year (its second full year as a business) a association managed to book $15 million in transaction income for a customers, according to a company’s arch executive and co-founder Johannes Koeppel.

Koeppel, a Swiss newcomer who came to a U.S. for business propagandize after operative for years with a International Red Cross and Medicines Sans Frontieres, met his co-founders Garib Mehdiyev, a former landowner from Azerbaijan, and Zaky Prabowo, who worked as an help to Indonesia’s boss and consulted for McKinsey Co., while study during Berkeley.

(left to right) Garib Mehdiyev, CTO, Johannes Koeppel, CEO, and Zaky Prabowo, CMO, of Wetravel.
Thor Swift for a Financial Times

Coming from such distant flung locales 3 organisation know a thing or dual about travel, and saw a need for smaller merchants to entrance remuneration and organizational collection to make organizing and engagement trips easier.

Typically these companies use ad hoc collection like PayPal, Square, and Shopify, Koeppel says — and these remuneration companies (and large liberality companies) are commencement to comprehend that their collection are not enough.

PayPal recently launched Money Pools to hoop organisation payments and Airbnb has introduced a possess organisation remuneration feature.

Features of a WeTravel use embody formulating engagement pages for clients, usurpation payments, and handling marketing, communication and finances from one location.

The company’s seed investors embody a Berkeley-based The House Fund and Brett Wilson, former arch executive of TubeMogul. Funds like 500 Startups, Amino Capital and a First Round Capital Dorm Room Fund and Foundation Capital’s Berkeley owner module also participated.

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