Fairlyne, a Paris-based Resale-as-a-Service platform catering to the travel industry, has successfully secured $3 million in seed funding. The funding round was led by Speedinvest, with the participation of Evolem, Kima Ventures, FJ Labs, and various business angel investors. The company plans to utilize the capital to enhance its platform, accelerate its deployment across enterprise clients in the airlines, railway, road transportations, and hospitality sectors, as well as expand its operations into new markets, including the United States.
Established in 2021 by Gilles de Richemond, Michael d’Eboli, and Morgan Guérin, Fairlyne aims to provide a Resale-as-a-Service platform specifically designed for the travel industry. The platform enables travel brands to generate additional revenue and deliver a seamless resale experience to their customers.
Fairlyne offers a white label product that allows travel brands and operators to incorporate resale into their distribution channels. This integration enhances customer satisfaction by providing them with greater flexibility while also generating additional profitability by offering a second chance for nonrefundable tickets.
The company has already experienced success through its partnership with OUIGO, the low-cost train operator of SNCF, France’s national state-owned railway company. The service has been directly integrated into OUIGO’s channels, including their website and app, and has been utilized by over 100,000 passengers.
The recent seed funding will enable Fairlyne to continue developing and refining its Resale-as-a-Service platform. By investing in research and development, the company aims to enhance its features and ensure a seamless user experience for both travel brands and customers. The platform’s capabilities will be expanded to cater to a wide range of enterprise clients in the travel industry, including airlines, railway companies, road transportation providers, and hospitality businesses.
In addition to consolidating its presence in the European market, Fairlyne has set its sights on expanding into the United States. By entering the American market, the company intends to tap into the vast potential for growth and establish partnerships with leading travel brands in the region. This expansion will enable Fairlyne to extend its reach and offer its Resale-as-a-Service platform to a larger customer base.
The travel industry has been significantly impacted by the COVID-19 pandemic, with airlines, railways, and other travel businesses facing unprecedented challenges. Fairlyne’s Resale-as-a-Service platform provides a unique solution that enables travel brands to adapt to the changing landscape and generate additional revenue streams. By incorporating resale options into their distribution channels, these companies can offer customers greater flexibility in modifying or reselling nonrefundable tickets, thus enhancing customer satisfaction and loyalty.
With the seed funding secured, Fairlyne is well-positioned to accelerate its growth and capitalize on the increasing demand for innovative solutions in the travel industry. By leveraging its Resale-as-a-Service platform, the company aims to revolutionize the way travel brands manage ticket resales, ultimately benefiting both businesses and customers alike.
The company plans to utilize the funding to enhance its platform, expand its operations across enterprise clients and new markets, and further develop partnerships within the travel industry. By offering a white label product and collaborating with industry leaders such as OUIGO, Fairlyne is paving the way for travel brands to generate additional revenue and provide a seamless resale experience to their customers. With its focus on innovation and growth, Fairlyne is poised to make a significant impact in the travel industry and reshape the way ticket resales are managed.