Bytetravel It takes an important step in its short life. The Scaleup Barcelona that the sector is revolutionizing Traveltech (Travel technology) will open new offices in London and Hong Kong. After landing in Miami, a team of commercials, which is now known as Business Developers (Business developers), both markets will attack to try to close products distribution agreements with local companies. And it is that the company is working on several new releases beyond its Core business, which is visa management.
The CEO and maximum shareholder of Bytetravel, Serena Axelreceive a electionomista.es In the company’s offices in San Cugat del Vallés (Barcelona) to advance the plan that will execute over the next few years. Serena, one of the most veteran digital entrepreneurs in Spain -began its career in 1994 in Intercom, one of the first Internet suppliers in the country -announces that the next releases will occur during the same month of May. Specifically, the firm will put in the market two new services through which users can buy from the platform access to the VIP rooms of the airports – under the commercial name Priovip – and the rapid access for shipments, the well -known Fasttrack. It also sells a virtual Sim card -roamic- with connectivity in 190 countries through Marketplaces as Amazon and Miravia with which to be able to connect to the Internet without paying high rates of Roaming
On the other hand, Bytetravel wants to enter the Identity Management and Document Verifications -Idselfie- and in the digital insurance business through agreements with travel agencies, airlines and cruise companies. Bytetravel was born in 2021 focused on digitizing services prior to the trip, both for tourists and for business travelers around the world starting with the visa, and is growing to lung, without external investment. Began to quote at the BME Scaleup in July of last year with an assessment of 38 million euros and in less than a year it has reached a capitalization that exceeds 200 million euros (6.8 euros per share according to the last closure). The initial idea was to capture half a million and there was an overdexanda of up to six million euros. Finally, ‘closed the list’ at 2.5 million euros.
Increase in turnover
Last year ended with a turnover close to 12 million euros and for the current year it plans to reach 18 million euros, according to Serena. Only in the first quarter it has achieved sales of 4.9 million euros, which represents a 93% increase compared to the same period of the previous year. More than 2.3 million users have already registered in the company’s mobile application with a visa approval ratio – for more than 70 countries – 99.7%. The Main markets are USA, the United Kingdom, Australia, Germany, Switzerland and Japan. The company has no debts with the bank, it has a positive net cashier and distributes dividend since last year.
According to the firm itself, which also hosts in Madrid and Use more than 60 people With the bulk in the city, for each euro invested in marketing, it generates 1.9 euros in revenue and 0.30 euros in a free cashier, while for each euro allocated to personnel get 13 euros of income. The platform is automated with artificial intelligence (AI) and optical character recognition (OCR).
Serena tells that 2025 will involve a turning pointbecause this year the European Information and Travel Authorization System (Ethics) and more than 520 million travelers will need a visa to enter Europe or the United Kingdom. This means a great growth opportunity. Bytetravel has the technology ready to absorb that demand with a proven scalability and that are also underway Strategic international alliances that will allow integrating services into airlines, travel platforms and large -scale online agencies.
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