Fly Money

Company Overview

Snapshot

Founded in August 2015 by Tal Ekroni, Gilad Shlang, and Ben Aviram, Fly Money operates with 1–10 employees. The company has raised a total of $1.01M across two funding rounds from seven investors. In June 2017, Fly Money secured a grant from Visa's Everywhere Initiative, highlighting early industry recognition.

Business overview

Fly Money is a Business Software company in the Fintech and eCommerce sector, specializing in Money Transfer & Management and Operations Solutions. The company aggregates exchange rates from global currency providers, enabling travelers to order foreign currency at competitive rates. Its core technology involves a white-labeled system integrated into Online Travel Agencies (OTAs), airlines, and banks, streamlining currency orders within existing booking flows. Fly Money serves the travel industry, banks, and insurance companies, operating in geomarkets such as Spain, Israel, and Germany.

Strategic signal

In December 2019, Fly Money presented at the Phocuswright Conference, showcasing its travel money solution. This appearance at a prominent industry event signals the company's efforts to gain visibility and validate its offering within the travel technology landscape, potentially attracting strategic partnerships and further market penetration.

Company Intelligence Q&A

What is Fly Money's primary business model?

Fly Money operates with B2C and B2B2C business models, aggregating exchange rates from currency providers and integrating its white-labeled system into OTAs, airlines, and banks to facilitate currency orders for travelers.

When was Fly Money founded and by whom?

Fly Money was founded in August 2015 by co-founders Tal Ekroni, Gilad Shlang, and Ben Aviram.

Which markets does Fly Money primarily serve?

Fly Money primarily serves geomarkets including Spain, Israel, and Germany.

What was a notable public appearance for Fly Money?

In December 2019, Fly Money delivered a summit pitch at the Phocuswright Conference.