Uplift | January 13, 2021
Uplift has finished another credit line of $68 million for its travel payments service.
Financing for the purchase currently pay-later brand was given by Atalaya Capital Management.
Travel is as of now returning, as per California-based Uplift, with the organization anticipating fast development amid pent-up demand for booking travel for the summer and autumn.
Uplift has now brought about $695 million up in value and obligation including a $250 million credit line in December 2019, which came ahead top of $123 million in subsidizing in January of the very year.
Uplift affirmed the new financing on LinkedIn and in a Crunchbase meet, with Brian Barth, CEO of Uplift saying the organization intends to move past travel in 2020.
Uplift hopes to surpass $1 billion in exchanges throughout the next 18 months.
Different organizations offering a comparative assistance including Fly Now Pay Later are likewise foreseeing the pent-up demand.
The London-based organization landed $47 million in Series A financing in May and is getting ready for a $135 million subsidizing bundle in the second half of 2021 as indicated by Jasper Dykes, its chief executive.
He adds that the Uplift credit line shows the proceeded with obligation to the area and says Fly Now Pay Later, which as of late launched its buyer beta in the U.S., has seen "ferocious appetite for the product."
Qatar Airways | February 19, 2021
Qatar Airways is featuring its steps towards offering full touchless in-flight technology onboard its aircraft in a further indication of how airlines are adapting their product and marketing in light of customer sensitivities to flying in the post-pandemic environment.
The Gulf carrier is introducing technology enabling passengers to navigate the onboard IFE across its Airbus A350 fleet utilizing their own electronic devices, just as the offering the option to utilize their own headphones to get to access onboard through Bluetooth technology on its Boeing 787 fleet.
Qatar Airways chief executive Akbar Al Baker says: “The introduction of the state-of-the-art zero-touch technology, and enabling passengers to use their personal Bluetooth headset on board is an important step in taking our already rigorous and stringent Covid-19 precautions to another level, limiting passenger surface contact and preventing any possible spread of infection on board.
“We hope it provides yet further assurance of the safety of air travel, as well as offering passengers on board increased confidence that they are enjoying the most consistently advanced customer experience available in the sky.”
DESTINATION AND TOURISM,BUSINESS TRAVEL
EBG | June 30, 2022
EBG, one of the rapidly growing e-commerce solutions providers in the U.S. specializing in entertainment and travel, is acquiring Undercover Tourist, a privately held successful B2C online travel marketplace in the country. It specializes in theme parks and attractions.
“With the addition of the Undercover Tourist platform to the EBG portfolio, we are gaining a strong consumer brand with a loyal customer following along with a robust knowledge base of engaging content for theme park vacations. We look forward to collaborating with the Undercover Tourist team to expand the platform and to help our supplier partners increase their reach,”
-EBG CEO and Founder Brett Reizen.
We are excited for Undercover Tourist to take this big leap, which is poised for growth and national product expansion and support as part of EBG’s network. I’m so proud of what the team has built over the years and the future offers amazing opportunities fueled by EBG's insight and guidance, explained Undercover Tourist CEO and Founder Ian Ford.
The acquisition complements EBG's current offerings and will broaden EBG's portfolio to serve the B2C market while also providing timely and engaging content such as trip planning advice, travel tips, and more. The Undercover Tourist brand and platform will remain a separate business unit, with product offerings expanding nationally.
EBG powers a diverse portfolio of technology solutions and operates a network of employer and membership-based platforms that reach a captive audience, providing leading brands with new distribution channels. The EBG network reaches over 100 million users through participating companies and closed-loop affinity and membership groups.
Undercover Tourist, a travel website and theme park expert founded in 2000, has sold over 25 million theme park admission tickets to popular destinations and attractions such as Walt Disney World, Disneyland, Universal Orlando Resort, Universal Studios Hollywood, SeaWorld Parks, LEGOLAND Parks, and others. Along with saving time and money on attraction tickets, hotels, and car rentals, Undercover Tourist provides free vacation planning tools such as crowd calendars, park planning apps, and more.