About faredirect
faredirect is a Technology company based in Berlin (Germany) founded in 2019, and was acquired by FLYR in September 2021. AI-based ancillary revenue optimization is offered for airlines. The company was acqui-hired. Its focus areas include Travel and Hospitality Tech, Aviation IT, Finance and Accounting and Revenue Management. Its legal entity is FAREDIRECT LIMITED.
Company details
Faredirect was founded in 2019 in Berlin, Germany, focusing on the airline industry. An AI-enabled system is provided to optimize ancillary revenue through sales management. Estimates of potential buyers for ancillary products are generated by the platform. Operations center on data-driven tools that support revenue forecasting and product uptake analysis across global airline networks.
- Headquarters Berlin, Germany
- Stage Acquired
- SectorsTechnology
- Website fare.direct
- Acquired by FLYR (Sep 2021)
- Legal Name Faredirect Limited
Investors in faredirect
faredirect has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include FLYR.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
AI-powered revenue management solutions are provided for airlines and cargo. | 2013 | flyr.com | Santa Monica, United States |
Investor details for faredirect
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People of faredirect
1 people are tracked at faredirect (1 in leadership).
| Name | Role | Group |
|---|---|---|
Olgu Afsaroglu | Head Of Finance | Leadership |
Complete people profiles for faredirect
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Timeline of faredirect
2 dated milestones of faredirect across 2 years, from founding to its latest funding, stage changes and deals.
- Founded faredirect is founded.
- Exit Acquired by FLYR.
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Frequently Asked Questions about faredirect
faredirect was founded in 2019.
faredirect is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Faredirect was founded in 2019 in Berlin, Germany, focusing on the airline industry. An AI-enabled system is provided to optimize ancillary revenue through sales management. Estimates of potential buyers for ancillary products are generated by the platform. Operations center on data-driven tools that support revenue forecasting and product uptake analysis across global airline networks.
faredirect has 1 investor. Key investors include FLYR.
faredirect operates through Faredirect Limited.
Yes. faredirect was acquired by FLYR in September 2021.