Travelstop, business travel SaaS platform based in Singapore, has announced its expansion to seven Asian markets. Countries, where the AI-powered platform will be available, include Indonesia, Thailand, Hong Kong, Taiwan, Japan, South Korea, and Vietnam.
Travelstop was founded by ex-Expedia employees, approaching business and travel using SaaS platform that helps to simplify traveling in business by automating expense reporting.
Travelstop manages to find a niche in traveling by catering to the need of business traveling management, something that the company admits to being largely untouched in Asia although boasting a massive US$1 trillion annual global spend. Because of this, Travelstop’s success also lies in the adoption of its system by companies like RedDoorz, Funding Societies, S P Jain School of Global Management, and Dot Property during its beta launch last year.
In 2018, the startup raised seed funding and now the company follows through with the localised versions in each of the seven mentioned countries.
“Many companies in Asia have offices in multiple countries across the region. Our goal is to provide these users with the best possible experience in their local language, currency, and supporting the regional tax, reporting formats, payment options while ensuring that we offer the most relevant booking options,” said Prashant Kirtane, Travelstop’s co-founder and CEO.
With new features such as “Book for Others” feature, it aims to improve the productivity of travel managers as they book travel for employees within a company. This allows for control of the travel booking process or makes it easier in countries where technology acceptance is generally lower.
Beside “Book for Others”, Travelstop also introduces “Business Travel Policies” to make sure business travel bookings that are outside of travel policies are automatically flagged during the booking process. The goal is to help companies improve overall compliance for things like budget and cost reduction.
In addition to the new features, Travelstop has added an iPhone-based app for business travel management.
“Our goal is to make employees more productive; they no longer have to return from their business trips and spend hours dealing with the much-dreaded expense claims process,” said Altaf Dhamani, Travelstop’s co-founder and Chief Product Officer.
Since its launch in August 2018, the startup has raised US$1.2 million in funding from investors led by SeedPlus, a US-based venture capital firm, and travel industry veterans from Expedia and Yahoo!
The company claimed to have the largest selection of flights in the region, with over 800 carriers, including most regional and low-cost carriers.
Image Credit: Travelstop