202307 Jun

Onfly Closes $16M Series A Funding

Summary

The company intends to use the funds to further scale the sales, marketing, and technology departments. Part of the investment will also be directed towards launching new products and exploring acquisitions. Founded in September 2018 by Marcelo Linhares, Elvimar Soares and Elvis Soares, Onfly provides a technology-driven travel and expense management platform that initially focused on simplify the booking process and workflow approvals within companies, but has expanded its product offering to automate the entire process of expense reporting for travel, including advances, receipt scanning, reimbursements, and comprehensive reports and analytics. Additionally, it offers a prepaid corporate card to employees, eliminating the need for issuing advances and requesting reimbursements altogether. The company currently has 200 employees and plans to continue building technology to further facilitate and digitize corporate travel in Brazil and across Latin America.

Source: Finsmes

Funding

$16.3M
Amount
Jun 07 2023
Date
-
Investor
Onfly
Company

Classifications

Companies