Paris-based Fairlyne bags €2.7 million to turn non-refundable tickets into resalable fares
Summary
French startup Fairlyne emerged a couple of years ago to effectively remove the technological, functional, and economic barriers to resale in the travel world. Using its Resale-as-a-Service platform, white label product, travel brands and operators can now add resale to their distribution maximising customer satisfaction by giving them more flexibility whilst generating additional profitability by providing a second opportunity for non-refundable tickets. Fairlyne was founded in 2021 in Paris by Gilles de Richemond, Michael d’Eboli, and Morgan Guérin to build the world’s first Resale-as-a-Service platform for the travel industry. The incremental revenue from no-shows can be significant.” Michael d’Eboli, Fairlyne co-founder and CPTO, said: “Almost every sector from clothing to cars to jewellery has formalised ways for brands to facilitate customers reselling their products. We believe they are poised to seize the enormous opportunity presented by the re-awakened global travel market.” In 2022, Fairlyne partnered with OUIGO, the French low-cost train operator under SNCF ownership.