Company Overview
Snapshot
Founded in June 2011 by Tal Moskovich, MyleFly operates with 1–10 employees. The company has secured funding across one round from ExitValley. In May 2018, MyleFly announced that it had facilitated the trade of 130 million air miles, demonstrating significant traction in the airline loyalty program market.
Business overview
MyleFly operates a retail platform that serves as an online trading marketplace for airline loyalty programs. The company enables frequent flyers to convert their accumulated airline miles into low-priced flight tickets through a fully automated process. It connects sellers of miles with buyers of flight tickets, primarily targeting consumers within the travel and tourism sector.
Strategic signal
In May 2018, MyleFly reported that it had facilitated the trade of 130 million air miles. This milestone indicates strong market acceptance and operational efficiency in its unique business model, signaling to investors a proven ability to scale within the niche of airline loyalty program monetization and potentially disrupt traditional travel booking methods.
Log in to access full profile ›Company Intelligence Q&A
- What is MyleFly's core business?
- MyleFly operates an online marketplace that allows frequent flyers to sell their accumulated airline loyalty miles for cash, which buyers can then use to purchase discounted flight tickets. This creates a secondary market for airline miles.
- When was MyleFly founded and by whom?
- MyleFly was founded in June 2011 by Tal Moskovich.
- How many employees does MyleFly currently have?
- MyleFly currently has 1–10 employees.
- What significant milestone did MyleFly achieve in May 2018?
- In May 2018, MyleFly announced that it had successfully facilitated the trade of 130 million air miles, highlighting its impact on the airline loyalty program market.