The first Amadeus investment in FLYR was in April 2016. Since then, Amadeus has worked with FLYR to develop an even better service to customers than before, while supporting FLYR’s growth. With Amadeus’ partnership, FLYR will also be able to work on new product developments.
“This new investment further validates our strong partnership with Amadeus. We are excited to support different customers’ innovation strategies and growth with FareKeep, our fare protection solution, and to benefit from Amadeus’ scale and reach to further increase uptake of our products by airlines, OTAs and metasearch sites.” says Jean Tripier, CEO, FLYR.
FLYR is already working on two new products. The first is a credit check free split payment solution which could allow travel sellers or providers to offer travellers the option to pay for an airline ticket or hotel room in several instalments. The second is a post-booking price guarantee which promises to refund a traveller if the airfare drops after they have completed a booking.
Amadeus Ventures, the corporate venture arm of Amadeus IT group, is a travel venture fund which invests in start-ups sitting at the crossroads of travel and technology. Amadeus launched this fund in 2014 and FLYR is the latest addition to a portfolio that also includes start-ups such us Bluesmart, BookingPal, Yapta, Olset and Evature.