Swiipr, has secured £6 million in Series A funding, led by Octopus Ventures, to drive its next growth phase.
Launched in 2020, Swiipr is the world’s first airline-specialized payments platform, used by 26 airlines across 70 countries. The platform enables airlines to digitize disruption payments, enhancing passenger experience and reducing costs by up to 60%.
Co-founder and CEO Tara Spielhagen emphasized the inefficiency of legacy compensation systems, which cost airlines billions annually and increase disruption. Swiipr’s digital solution includes virtual and physical pre-paid compensation cards and a mobile app, offering instant, secure, and compliant payouts for disruptions like denied boarding or lost luggage. The platform also provides food and beverage payments during flight delays, reducing processing time and fraud, while boosting loyalty through personalized offers.
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Swiipr’s tools help airlines comply with passenger rights regulations and gain valuable customer insights. The platform also supports operational and crisis payments for airline staff during trips and delays. Co-founder and Chairman Ian Clowes highlighted Swiipr’s role in addressing a significant global issue for airlines, which will intensify with climate change. The Series A funding will further enhance Swiipr’s solutions and accelerate growth.
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