Company Overview
Snapshot
Founded in June 2011 by Tal Moskovich, MyleFly operates with 1–10 employees. The company has secured funding across one round from ExitValley. In May 2018, MyleFly announced that it had facilitated the trade of 130 million air miles, highlighting its significant activity in the airline loyalty program market.
Business overview
MyleFly operates a retail platform that enables frequent flyers to convert their accumulated airline loyalty miles into cash for discounted flight tickets. The company functions as an online trading platform, connecting individuals looking to sell their miles with buyers seeking low-priced flight tickets. MyleFly serves the travel and tourism market, specifically targeting consumers within the retail platforms sector.
Strategic signal
In May 2018, MyleFly announced a significant milestone, having traded 130 million air miles. This indicates strong market traction and validation for its business model, demonstrating the company's ability to facilitate substantial transactions within the airline loyalty program ecosystem. For investors, this signals MyleFly's operational efficiency and potential for continued growth in monetizing loyalty points.
Log in to access full profile ›Company Intelligence Q&A
- What is MyleFly's core business?
- MyleFly operates an online marketplace that allows frequent flyers to sell their accumulated airline loyalty miles for cash, which buyers can then use to purchase discounted flight tickets. This creates a secondary market for airline miles.
- When was MyleFly founded and by whom?
- MyleFly was founded in June 2011 by Tal Moskovich.
- How many employees does MyleFly currently have?
- MyleFly currently has 1–10 employees.
- What significant milestone did MyleFly achieve in May 2018?
- In May 2018, MyleFly announced that it had successfully facilitated the trade of 130 million air miles, highlighting its impact on the airline loyalty program market.