Travel TechnologyJapanese telco Softbank leads latest round of investment funding in UK-based mobility startup

Splyt nabs US$19.5M Series B funding to develop super app

By
|
UK-based startup Splyt is also working with Alipay, Grab and Booking.com to integrate taxi services into their platforms.
UK-based startup Splyt is also working with Alipay, Grab and Booking.com to integrate taxi services into their platforms.

Mobility specialist Splyt has raised a Series B funding round of US$19.5 million.

The round was led by Japan-based technology and telecommunications company SoftBank Corp., with American Express Ventures and existing investors also participating.

Splyt provides technology to enable travel platforms and superapps to easily integrate mobility services.

Part of SoftBank’s strategy will be to connect different platforms of its portfolio companies and Splyt’s partners to create superapps.

Ken Miyauchi, president and CEO of SoftBank Corp., said: “With the continued widespread adoption of smartphones, apps are becoming increasingly integral to people’s daily lives when they shop, eat and travel. The proliferation of different platforms, however, is giving rise to the need for superapps that combine multiple functions into one app.

“Splyt is a global leader in integrating different mobility, wallet, travel and other platforms, and will enable us to promote superapps to further grow usage and our customer base. Splyt’s technology and extensive partner network will also help us leverage the strengths of SoftBank’s assets and deliver on our ‘Beyond Carrier’ growth strategy.”

UK-based Splyt has already worked with platforms including Alipay, Grab and Booking.com to integrate taxi services into their platforms.

Splyt plans to use this latest investment to bring more mobility services to its network, including bike-sharing and scooters.

Philipp Mintchin, co-founder and CEO of Splyt, said: “Our aim is to enable our partners to provide seamless mobility solutions to their customers, letting them feel at home anywhere in the world.”

Julia Huang, managing director at American Express Ventures, added: “[Splyt’s] technology is highly applicable to other sectors that have the same need for a simplified experience. Our team is excited to support Splyt’s next stage of growth."

Splyt raised US$8 million in Series A funding a year ago, with ground transportation specialist Grab joining the round.

At the time of the raise, Splyt said it would accelerate expansion in new markets and continue development of its technology.

JDS Travel News JDS Viewpoints JDS Africa/MI