a year ago

Swiipr Raises €7 Million to Digitize Airline Disruption Payments

  • Swiipr, a travel paytech company transforming the airline industry's outdated and inefficient disruption payments systems, has secured €7 million in Series A funding, led by Octopus Ventures

  • The capital will be deployed to develop Swiipr's strategy, product and technology, including investment into R&D, AI and data analytics and to drive international airline market growth

  • Swiipr is enabling airlines to digitise disruption payments, greatly enhancing the passenger experience and driving cost efficiency by up to 60%

  • The company's platform includes virtual and physical pre-paid compensation cards and a mobile app, giving airlines the tools they need to solve these pain points for both themselves and passengers, whilst being fully compliant with the latest passenger rights regulations.

      • ProblemTravel and Tourism

      "Airlines wasting billions of dollars on inefficient and outdated disruption payment systems, causing passenger dissatisfaction and reputational damage."

      Solution

      "Swiipr's digital platform provides airlines with a secure, compliant, and streamlined way to distribute funds directly to passengers, reducing fraud and processing time, and boosting customer loyalty."

      Covered on