FCM Travel Solutions invests in business travel startup Shep

PhocusWire | January 07, 2020

FCM Travel Solutions invests in business travel startup Shep
Business travel technology startup Shep - one of PhocusWire’s Hot 25 Startups for 2019 - has received strategic investment from travel management company FCM Travel Solutions. Terms of the deal were not disclosed but FCM is taking a minority stake in the business. Texas, U.S.-based Shep functions as a browser extension that lets companies manage bookings that occur outside of corporate travel policy. By monitoring activity on more than 70 consumer travel sites, the technology can help companies improve savings, compliance and safety. Shep’s browser extension can also enforce policy at the point-of-sale and gives managers real-time reporting and the ability to track expenses.

Spotlight

The dynamics of business travel have been
changing around the world in sync with the
new age corporate traveller. India continues
to grow at a rapid pace with increasing
contribution to global business travel spends.
With an annual growth of more than 11%,
we are expected to be in the top five by
2022, up from being at ten in 2015

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Spotlight

The dynamics of business travel have been
changing around the world in sync with the
new age corporate traveller. India continues
to grow at a rapid pace with increasing
contribution to global business travel spends.
With an annual growth of more than 11%,
we are expected to be in the top five by
2022, up from being at ten in 2015