Predict your next investment

INTERNET | Internet Software & Services / Customer Relationship Management
flyt.io

See what CB Insights has to offer

Founded Year

2013

Stage

Acquired | Acquired

Total Raised

$16.91M

Valuation

$0000 

About Flyt

Flyt is a developer of a universal integration platform for the hospitality industry. Through its APIs, it can power and integrate a variety of experiences: Pay at Table, Delivery, Bar Tabs, Order at Table, Order Ahead, Table Management, Digital Voucher Redemption, Food Ratings, and many other solutions built by service providers. It works with hospitality operators and consumer platforms.

Flyt Headquarter Location

Elm Yard 13-16 Elm Street

London, England, WC1X 0BJ,

United Kingdom

Latest Flyt News

17:00 ET COM and FLYT to Move from Active to Passive Management

Jul 3, 2021

No Change to Underlying Index of Either ETF News provided by Share this article Share this article NEW YORK, July 2, 2021 /PRNewswire/ -- Direxion announced that, effective August 31, 2021, the Direxion Auspice Broad Commodity Strategy ETF and the Direxion Flight to Safety Strategy ETF will track, before fees and expenses, the performance of each current, respective underlying index as noted below: Fund About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion's reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $26.6 billion in assets under management as of June 30, 2021. For more information, please visit www.direxion.com . There is no guarantee that the Funds will achieve their investment objectives. For more information on all Direxion Shares ETFs, go to direxion.com, or call us at 866.301.9214. An investor should carefully consider a Fund's investment objective, risks, charges, and expenses before investing. A Fund's prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a Fund's prospectus and summary prospectus call 866-716-0735 or visit our website at direxion.com. A Fund's prospectus and summary prospectus should be read carefully before investing. Direxion Shares Risks - Investing in the ETFs involves risk including possible loss of principal. COM Risks - COM is an actively managed ETF that does not seek to replicate the performance of a specified index and is not required to invest in the specific components of its benchmark index. An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with concentration that results from the Fund's investments in a particular industry, sector, or geographic region which can result in increased volatility. The Fund's use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include risks related to investment in commodity-linked derivatives and commodities, Futures Strategy Risk, Leverage Risk, Market Risk, Natural Disaster/Epidemic and Market Disruption Risk, Counterparty Risk, Cash Transaction Risk, Subsidiary Investment Risk, Interest Rate Risk, and Tax Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund. Exchange-traded commodity futures contracts generally are volatile and are not suitable for all investors. The value of a commodity-linked derivative investment typically is based upon the price movements of a physical commodity and may be affected by changes in overall market movements, volatility of the index, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, embargoes, tariffs and international economic, political and regulatory developments. Commodity-linked derivatives also may be subject to credit and interest rate risks that in general affect the value of debt securities. The Fund's investments in derivatives may pose risks in addition to, and greater than, those associated with directly investing in securities or other investments. Risks associated with the use of futures contracts are (a) the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the futures contract; (b) possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the Adviser's inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; (e) the possibility that the counterparty will default in the performance of its obligations; and (f) if the Fund has insufficient cash, it may have to sell securities or financial instruments from its portfolio to meet daily variation margin requirements, which may lead to the Fund selling securities or financial instruments at a time when it may be disadvantageous to do so. FLYT Risks - FLYT is an actively managed ETF that does not seek to replicate the performance of a specified index and is not required to invest in the specific components of its benchmark index. An investment in the Fund involves risk, including the possible loss of principal. There are risks associated with the Fund's investment in gold, U.S treasury bonds, and utility stocks. The value of gold has historically experienced extended periods of flat or declining prices in addition to sharp fluctuations, which may result in significant volatility and potential losses to the Fund. A security backed by the U.S. Treasury or the full faith and credit of the United States is guaranteed only as to the timely payment of interest and principal when held to maturity. The market prices for such securities are not guaranteed and will fluctuate. Utility companies are affected by supply and demand, operating costs, government regulation, environmental factors, liabilities for environmental damage and general liabilities, and rate caps or rate changes. Additional risks of the Fund include, but are not limited to Commodity-Linked Derivatives Risk, Counterparty Risk, Cash Transaction Risk, Other Investment Companies (including ETFs) Risk, Subsidiary Investment Risk, Interest Rate Risk, and Tax Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund. Distributor: Foreside Fund Services, LLC. CONTACT:

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Flyt

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Flyt is included in 3 Expert Collections, including Restaurant Tech.

R

Restaurant Tech

795 items

Hardware and software for restaurant management, bookings, staffing, mobile restaurant payments, inventory management, cloud kitchens, and more. On-demand food delivery services are excluded from this collection.

P

Payments

1,721 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

F

Fintech

4,558 items

Track and capture company information and workflow.

Flyt Patents

Flyt has filed 1 patent.

The 3 most popular patent topics include:

  • Epinephelus
  • Golf instruction
  • Golf terminology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/13/2020

Golf writers and broadcasters, Golf instruction, Epinephelus, Golf terminology, Serranidae

Application

Application Date

11/13/2020

Grant Date

Title

Related Topics

Golf writers and broadcasters, Golf instruction, Epinephelus, Golf terminology, Serranidae

Status

Application

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.