FinalPrice
Artificial intelligence-based travel recommendations on subscribtion.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor investor | €0.0 | round | |
$1.0m Valuation: $20.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 17 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
FinalPrice operates as an online travel agency structured as a private, members-only club for booking flights, hotels, and car rentals. The company's business model is centered around a subscription fee, which grants members access to travel services at prices not typically available to the general public. Revenue is generated from an annual membership fee, which was reported as $99, rather than from commissions on bookings. This structure allows FinalPrice to pass on the commissions it would normally receive directly to its members in the form of discounts and cashback.
The company was founded by Peter Kutis, an entrepreneur with prior experience in the online travel sector, having previously established successful online travel agencies like OneTwoTrip and AnyWayAnyDay. This background in digital travel projects informs the company's mission to enhance the travel experience for its members. In 2017, FinalPrice secured $4 million in a funding round led by Sistema VC and Almaz Capital, with the investment aimed at product development and expanding its presence in the U.S. market. The company is registered as FinalPrice Travel Ltd in the United Kingdom.
FinalPrice functions as an app-only platform that provides curated lists of offers based on user preferences and travel history. Its platform uses artificial intelligence to generate recommendations for hotels and other travel services, considering factors like reviews, net promoter scores (NPS), pricing, and location. Users can book directly through the app, which sources its inventory from a variety of suppliers, including direct relationships and access to aggregators and consolidators. The service is designed for personal, non-commercial use, and members can also earn cashback on their bookings.
Keywords: travel club, subscription travel, online travel agency, cashback travel, travel booking, membership model, travel deals, curated travel, hotel booking, flight booking