This news comes on the heels of its extended Series A round. The company plans to use the funds to establish new partnerships with leading hotel brands. Here are the top-line bullets you need to know.
Selfbook, a payment infrastructure platform, has raised $15M in an extended Series A. The round drew participation from JAWS Estates Capital and Tiger Global Management.
HOW’S THE COMPANY PERFORMING?
- New York-based Selfbook offers payments technology for the hospitality industry.
- The company’s portal supports debit and credit cards as well as apps like Google Pay, Apple Pay, and PayPal.
- Selfbook’s customer base has been growing 100% month-over-month since it was launched.
- The company has onboarded nearly 100 hotels, including Le Pigalle, Maison Villeroy, and Concorde NYC.
- The startup is currently supported by a team of 70 employees, up from 5 in April 2021.
Source: Selfbook
WHY DOES THE MARKET MATTER?
- The global hotel and hospitality management software market is expected to reach a value of $4.9B by 2027, growing at a CAGR of 5.1%, according to ReportBuyer.
- Tourism levels are back on the rise after dropping amid the pandemic, which has led hotels to adopt new technologies to facilitate smoother operations.
