The app sells 80,000 tickets daily, having grown 30% YoY
Global travel platform Omio closes year EBITDA profitable
Global travel app that unifies mobility data fro trains, buses, ferries and flights has revealed it's had a successful year.
The platform attracts 900 million visitors annually, resulting in over 1 billion travel journey searches across more than 10 million unique routes, globally has announced it now sells 80,000 tickets daily via the Omio travel app and desktop, equating to moving a traveller every second of every day.
In part thanks to its growing European inventory and it's scale up of workforce to now more than 400 employees, has seen the app grow 30% YoY.
Its partnerships with Flix and Ryanair and acceleration of ferries to the fourth travel mode (up 183% YoY) has seen it rise in popularity with travellers.
Omio has now secured a growth capital of $120 million USD from Hercules Capital. This funding will lay the groundwork for expanding into new markets and continents.
Steve Kuo, senior managing director and technology group head of Hercules Capital, said: “Omio has achieved significant milestones as it has scaled up its travel platform.
"We’re excited to partner with Omio and support its continued global expansion with a $120 million growth capital facility.”
Omio's next expansion is set for 2025 when it will launch services in Southeast Asia. This region will add a "new dimension" to Omio’s global inventory.
Veronica Diquattro, president of consumer & supply business in Europe of Omio, said: “Our vision is to enable billions of people to travel seamlessly - anywhere, anyway.
"Our platform continues to redefine how people travel by connecting the fragmented global travel landscape and championing greater transparency and accessibility.
"We want to empower all travellers to make informed decisions and manage their trips effortlessly," she said.
"The accomplishments of 2024 are a testament to our commitment, and they form the foundation for a future where seamless multi-modal journeys become a default way of travel.”