Company Overview
Snapshot
Founded in August 2015 by Tal Ekroni, Gilad Shlang, and Ben Aviram, Fly Money operates with 1-10 employees. The company has raised a total of $1.01 million across two funding rounds from seven investors. In June 2017, Fly Money secured a grant from Visa's Everywhere Initiative.
Business overview
Fly Money is a Business Software company in the Fintech and eCommerce sector that aggregates exchange rates from currency providers globally, enabling travelers to order currency at optimal rates. The company's core technology is a white-labeled system integrated into Online Travel Agencies (OTAs), airlines, and banks, streamlining currency orders within ticket and hotel booking flows. Fly Money serves consumers and financial services, including financial institutions and banks, operating in markets such as Spain, Israel, and Germany.
Strategic signal
In December 2019, Fly Money presented at the Phocuswright Conference, highlighting its ambition to become the largest system for local payment methods for international travelers. This signals the company's focus on expanding its reach and market share in the travel fintech space, leveraging its existing network of travel websites and currency providers to drive growth and revenue.
Log in to access full profile ›Company Intelligence Q&A
- When was Fly Money founded and by whom?
- Fly Money was founded in August 2015 by co-founders Tal Ekroni, Gilad Shlang, and Ben Aviram.
- What was a key strategic focus for Fly Money at the Phocuswright Conference in December 2019?
- At the Phocuswright Conference in December 2019, Fly Money emphasized its goal to become the largest system for local payment methods for international travelers, aiming to generate more volume and revenues through partnerships with travel websites and currency providers.
- Which accelerators has Fly Money graduated from?
- Fly Money has graduated from the Google Startup Growth Lab, SigmaLabs Accelerator, and Google for Startups Accelerator.
- Who are some of the investors in Fly Money's private equity funding rounds?
- Fly Money has received private equity funding from investors including Amit Biel.