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Onfly raised $40 million in a Series B funding round to support the expansion of its corporate travel and expense management platform into Mexico and other Latin American markets.
The company was founded in 2018 and is one of the five largest corporate travel management firms in Brazil, with its platform serving more than 2,000 companies, Onfly said in a Tuesday (April 15) press release.
In addition to supporting its international growth, Onfly will use the new funding to accelerate its technology development, integrate artificial intelligence, and expand its marketing and sales efforts, according to the release.
“Today’s workforce expects the same seamless, intuitive experience from corporate software that they get from consumer apps,” Onfly CEO and co-founder Marcelo Linhares said in the release.
Onfly’s platform offers fully digitized travel options that include flights, hotels, buses and rental cars, according to the release. It is also adding short-term…
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