Event: 2022 Phocuswright Conference
HQ: London, U.K.
Principal(s): Roberto Da Re, CEO & Founder; Justin Morshead, Director Corporate Affairs
Funding: Travel Ledger raised £ 2.7 Mil from angel investors with connections to the travel industry.
Product Description: Travel Ledger is an electronic invoice and remittance system which is connected to UK and European banking for easy and secure payments between global travel buyers and suppliers.
Travel Ledger automates the complex processes of invoicing, remittance and funds transfer so businesses can reduce transaction costs, speed up payments and reduce risk.
Business Model: Travel Ledger is based on a low subscription + transaction fee model. Buyers are charged a small fee based on each Seller payment that is processed via the platform while Sellers are charged on a per booking basis but only when that booking is reconciled and paid by a Buyer (no charges for bookings submitted but not processed).
Competitors: Companies in the B2B payment space including Credit Cards. Travel Ledger is focused on partners that settle large amounts on a regular basis.
Competitive Edge: Travel Ledger is providing its participants an easy way to submit and exchange electronic invoices/statements and payment/ remittances using a standard format that can be automated hence eliminate errors, reduce cost and increase overall supply chain trust.
Market Opportunity: The market opportunity is for Travel Ledger to create a global Travel supply chain ecosystem where members can easily and cost effectively exchange data and settle with each other.
The global B2B travel market has been estimated to be worth 1.4 Bil transactions per year and Travel Ledger is aiming to service 16% of that market within the next 5 years.
Early Customers: Association of British Travel Agents and Advantage Travel Partnership. These 2 clients encompass almost 2,000 UK outlets and 40 suppliers.
Contact: Roberto Da Re, CEO; roberto@travelledger.org; +44 7785 288560
