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Tag Archives: Travel

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More Than Just a Flash in the Pan: Secret Escapes’ Big Plans For Germany

More Than Just a Flash in the Pan: Secret Escapes’ Big Plans For Germany

The team behind Secret Escapes, a British flash-booking travel platform, certainly think so. This week they announced the acquisition of German startup JustBook, best described as a clone of last-minute hotel booker HotelTonight. The move will have numerous technology benefits for a company with serious growth ambitions, co-founder and CEO Alex Saint told Silicon Allee earlier this month, but is also designed to help it crack the German market – one in which, he believes, Secret Escapes (SE) should soon find greater success than in its core British space. Read More »

Azimo Q&A: ‘In Five Years There Won’t Be Any Western Union Agents’

Azimo Q&A: ‘In Five Years There Won’t Be Any Western Union Agents’

Sending money overseas is big business, and it's just the latest industry to grab the attention of startups looking to make it leaner, more efficient and cheaper for users. Azimo is one of those startups, and the UK-based company has set its sights on Germany. Some 11 million German migrants send home €16 billion Euros in remittance every year, but Germany has the highest fees for money transfer in all of Europe. Azimo is taking on the giants of the industry like Western Union and MoneyGram in a market whch is worth an estimated €101 billion in Europe alone. It recently announced its expansion into Germany at rates which it claims will be 85 percent cheaper than the established players. Azimo alredy had a German connection in the form of seed funding from E.Ventures. Silicon Allee sat down with Michael Kent, CEO and co-founder of Azimo, at the recent NOAH conference in London. Read More »

News Round-Up: tripsta, Rocket Internet and Partech Ventures

News Round-Up: tripsta, Rocket Internet and Partech Ventures

Online travel agency tripsta.de has launched what is says is the first flight price comparison platform which analyses airfares over six months. Price Radar's algorithms compares flight costs for the next half a year on more than 2,500 domestic and international routes, with the aim of saving travellers hundreds of euros by taking a long-term view. Partech Ventures has announced its Silicon Valley-style venture and seed funds will close with a total value of $215 million (€158.4m). The Paris-based VC firm, which has offices in Berlin and San Francisco, will launch Partech VI with $175m as well as its first seed fund, Partech Entrepreneur, with $40m. Rocket Internet has made its first move into real estate classifieds with the launch of global brand Lamudi in 12 countries across Asia, Africa and Latin America. The Berlin-based incubator has been concentrating on developing markets in recent years, and this move will come as no massive surprise. Read More »

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