Latin America The biggest journey know-how firm is ready to Mexico Launch and subsequent Latin growth part
San Francisco and Sao Paulo, April 15, 2025 / Prnewswire/ – Within the topthe biggest journey know-how firm in Latin AmericaRight now he introduced that he has assured $ 40 million Within the financing of sequence B directed by Tidemark, which marks the corporate’s first funding in Latin America. The spherical additionally included the participation of the Catalyst of Endeavour and New YorkLeft Lane Capital, primarily based on the Spherical of Onfly Serie A, with the Brazilian Fund Cloud9 Capital.
Based in 2018, the Onfly platform digitizes and rationalizes journey administration and company bills for greater than 2,000 corporations, together with Vivara, Picpay, Hotmart and VTEX. The corporate will use the brand new capital to speed up its know-how improvement with an deal with the mixing of AI, broaden its advertising and gross sales efforts, and worldwide progress, reinforcing growth in Mexico That began final 12 months.
“This financing is a vital milestone for Onfly and opens a brand new chapter on our journey,” he stated Marcelo LinharesCEO and co -founder of Onfly. “Company journeys and bills administration in Latin America It’s a huge trade that experiences a fast digital transformation. In 2023, the sector generated nearly $ 50 billion Within the area, based on GBTA. Most gamers have existed for greater than 40 years and function as providers -oriented corporations with minimal know-how adoption. The present workforce awaits the identical intuitive and intuitive expertise of company software program that they acquire from consumption functions. “
“Company journeys are sadly outdated: dressed programs, opaque costs and a dependency of service fashions and” shared “charges Dave YuanFounder and accomplice of Tidemark. “Onfly is altering all that. They’re making a magical flyer in company journeys: decrease prices for corporations, a softer expertise for vacationers and extra helpful clients for suppliers. We’ve got seen this charge of alternate earlier than in different industries: class leaders not solely adapt the outdated manner, utterly redefine it.
Out of date
Onfly has shortly turn into one of many 5 largest company journey administration corporations in Brazil, the tenth largest company journey market worldwide. Within the final four years, ONFLY has achieved an annual compound progress charge (CAGR) of 110% and the corporate’s initiatives attain $ 250 million Within the gross quantity of products (GMV) in 2025, pushed by its digital strategy first in an trade dominated by inherited programs.
As a part of this financing spherical, Onfly can also be cozy Drew Patterson to your desk. Patterson, a Enterprise de Auramark accomplice, beforehand served as Kayak Advertising Vice President and was CEO and co -founder of Jetsetter, which was acquired by TripAdvisor.
“As a company OTA, Onfly is interrupting a conventional and stagnant sector with a mannequin constructed for the long run,” stated Patterson. “The mixture of digitally native options with a deep understanding of the native market wants has allowed Onfly quickly arising as probably the greatest gamers of Brazilian company journeys. We’re excited to affix this journey, supporting them whereas they proceed to redefine the class.”
Built-in journey and bills administration
Onfly presents a complete stock of absolutely digitized journey choices, together with flights, inns, buses and rental vehicles. The corporate was the primary in Brazil To introduce brief -term leases to company journeys and plan so as to add 5,000 further rental models in São Paulo on the finish of 2025, providing corporations as much as 30% financial savings in enterprise journey bills.
“The normal company journey company mannequin relies upon largely on human providers. Our know-how digitizes a lot of the guide reserve and post-sale processes,” Linhares added. “A few of our clients have made the transition of 90% reserves offline to 90% on-line reserves, drastically enhancing productiveness and effectivity.”
In contrast to inherited journey administration corporations, ONFLY’s patented know-how platform supplies actual -time auditable knowledge and ideal ERP integrations. The corporate’s built-in journey and bills administration answer, which features a company card launched in 2022, is utilized by 65% of its clients. In simply two years, the cardboard has processed roughly $ 35 million in whole fee quantity.
Enlargement plans
Onfly plans on board 2,500 purchasers in Mexico By 2027 as a part of its growth to Latin America The second largest company journey market.
“Investing in ONFLY means supporting a robust crew that’s quickly reworking company journey administration and bills into Brazil and Latin America“stated Igor Piquet, LATAM chief on the Endeavour catalyst.” They’re unlocking billions of trapped in out of date and inefficient programs. “
This sequence B financing follows onfly’s $ 16 million Collection A in 2023, which was directed by Left Lane Capital and Cloud9 Capital.
About Onfly
Onfly is the biggest journey know-how firm in Latin AmericaPrimarily based on greater than 2,000 corporations with a totally built-in journey and company bills administration platform. The corporate helps corporations in all sizes to rationalize their journey processes by patented know-how that improves value management and transparency of spending, from a espresso on the airport to flights, inns, rental vehicles and bus. Onfly permits staff to e-book journeys and ship bills experiences in minutes, creating an ideal company journey expertise. In 2023, the corporate raised R $ 80 million ($ 16 million) in a financing spherical led by Left Lane Capital and Cloud9 Capital. In 2025, Onfly assured R $ 240 million ($ 40 million) in a spherical B ronda directed by Tidemark.
For extra data, go to www.onfly.com.br.
About Tidemark:
Tidemark is a progress capital firm specifically designed to assist corporations win and climb. Tidemark is promoted by a group of traders, entrepreneurs and operators who’re energized by concepts, love for competitors and the impulse to present again. We give 10% of our earnings to our Basis, Tidemark10, to help the communities we serve.
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