TripSuite Secures $5 Million to Revolutionize the Way Travel Agencies Operate [Yahoo! Finance]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: Yahoo! Finance
NEW YORK Dec. 19, 2024 /PRNewswire/ -- TripSuite , the leading software platform for travel agencies, has raised $5 million in seed funding. The round was led by F-Prime Capital, with participation from Bienville Capital Management and Thayer Ventures. The investment will further TripSuite's mission to enhance the agency and traveler experience through product innovation and deepen its commitment to customer success. TripSuite's cloud-based platform revolutionizes the way travel agencies operate with its innovative, AI-powered solution. According to research conducted by Phocuswright, travel agencies book over $100 billion in travel annually, and have historically relied on an antiquated and siloed software stack resulting in inefficiencies, unnecessary costs, and lost commissions. Today, 38% of Gen Z and millennials prefer a traditional travel agent over online booking. This preference is significantly higher than Gen X or Baby Boomers, representing a generational shift towards
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