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San Francisco based travel company-focused payment platform WeTravel has raised a $2m Seed Round from investors including First Round Capital, 500 Startups, Berkeley's The House Fund and Amino Capital.
Last year (its second full year as a business) the company managed to book $15 million in transaction revenue for its customers, according to the company’s chief executive and co-founder Johannes Koeppel. Coming from such far flung locales three men know a thing or two about travel, and saw a need for smaller merchants to access payment and organizational tools to make organizing and booking trips easier. Typically these companies use ad hoc tools like PayPal, Square, and Shopify, Koeppel says — and these payment companies (and big hospitality companies) are beginning to realize that their tools are not enough. Features of the WeTravel service include creating booking pages for clients, accepting payments, and managing marketing, communication and finances from one location.
