Travel fintech Hopper raises USD 175 million

Friday 20 August 2021 08:41 CET | News

Travel fintech Hopper has raised USD 175 million in a Series G funding round bringing its total raised to date to USD 585 million. 

Hopper says it will use the funds to accelerate growth – including an aggressive hiring plan that will add 500 people to the current staff of 1,200. The company says 300 of those new employees will work in customer service, an area co-founder and CEO Fred Lalonde has acknowledged was not equipped to handle the flurry of requests that came in during the first several months of the pandemic. 

In addition to its mobile-only B2C marketplace offering air, accommodations and car rentals along with a suite of trip protection products, in March 2021,  the company launched Hopper Cloud, a B2B suite of API-enabled solutions such as fintech products, agency content and data science capabilities, with Capital One as its first client. In July, Amadeus announced it will offer some of Hopper Cloud’s products to its clients through the Amadeus Travel Platform. 


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Keywords: fintech, travel payments, ecommerce, funding, investment
Categories: Payments & Commerce
Countries: World
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