MyleFly

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 October 2018, MyleFly received funding from ExitValley.

Business overview

MyleFly operates an online trading platform that enables frequent flyers to convert their accumulated airline loyalty miles into low-priced flight tickets through a fully automated process. The company serves as a marketplace connecting sellers of airline miles with buyers of flight tickets, primarily targeting consumers within the travel and tourism industries. MyleFly's core technology is a web-based platform that facilitates these transactions, positioning it within the retail platforms sector.

Strategic signal

In May 2018, MyleFly announced that it had facilitated the trade of 130 million air miles, signaling its significant traction and leadership in the evolving landscape of airline loyalty programs. This milestone demonstrates the company's operational scale and its ability to capture market share in the niche but valuable sector of loyalty mile monetization, suggesting a strong value proposition for both mile sellers and flight ticket buyers.

Company Intelligence Q&A

What is MyleFly's core business?

MyleFly operates an online marketplace that allows frequent flyers to exchange their airline loyalty miles for discounted flight tickets, automating the process for both mile sellers and ticket buyers.

When was MyleFly founded and by whom?

MyleFly was founded in June 2011 by Tal Moskovich.

How many employees does MyleFly currently have?

MyleFly operates with 1–10 employees.

What significant milestone did MyleFly achieve in 2018?

In May 2018, MyleFly reported that 130 million air miles had been traded through its platform, highlighting its impact on airline loyalty programs.