- Tumodo, a business travel startup, raised $35 million in pre-seed funding to expand across the UAE and MENA region.
- The platform makes booking corporate trips fast, with no hidden fees. It aims to reduce travel costs by 35% on average.
- With over 100 regional business customers already, Tumodo is poised to capitalize on the rapidly rebounding MENA market outpacing leisure growth.
Tumodo, an exciting new startup aiming to transform business travel in the Middle East and North Africa (MENA), has raised an impressive $35 million in a pre-seed funding round. The cash injection will support Tumodo’s expansion across the United Arab Emirates and fuel new partnerships in the high-growth MENA market.
Tumodo’s revolutionary platform makes booking business trips quick and easy. Companies can organize flights and hotels for hundreds of employees in just two minutes, with no hidden fees. The technology integrates with HR systems for streamlined management and is expected to reduce travel costs by 35% on average.
The funding comes at an opportune time, with the MENA business travel sector bouncing back strongly from the pandemic. It hit 86% of 2019 levels last year, against a slower global recovery. Tumodo’s cutting-edge solution is ready to capitalize on this rapid rebound.
“We help companies optimize processes and expenses, enhancing productivity and ensuring travel policy compliance,” said Tumodo’s Chief Commercial Officer, Stan Klyuy. “Our goal is to make MENA the most technologically advanced business travel market in the world.”
With an ever-expanding network of accommodation options and over 400 airline partnerships, Tumodo already serves over 100 regional businesses. Its upcoming AI capabilities will take convenience to the next level.
The startup’s customer-focused approach has set its sights on achieving 100% market adoption. However, Tumodo’s dedicated support team is on hand to assist users in choosing the best travel options and organizing seamless trips.
As the pioneer shaping the future of MENA corporate travel, Tumodo looks set to capitalize on a market outpacing leisure growth. Its latest funding round will provide the springboard for the platform to reach its full innovative potential.
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Last Updated on January 20, 2024 by Safiya K
