Ravelin Technology’s Post

After the official launch of Accelerate@IATA’s Segment 7 on Choice of Digital Payments for the Customer, companies Aeropaye, Airwallex, Jifiti, Bound, Ravelin Technology, Wirex and Paymob participated in several educational sessions with industry subject matter experts. The sessions aimed to familiarize startups with the unique aspects of #aviation, as well as ongoing IATA and industry initiatives related to #ModernAirlineRetailing. As the initial Proof of Concepts (PoCs) have started to materialize and negotiations with #airlines have started, Accelerate@IATA is committed to providing the technical & contextual resources to support the success of these startups. With Segment 7 underway, we’re excited to announce the forthcoming launch of Segment 7 on Choice of Digital Payments for the Customer in the coming weeks. #airlines #payment #innovation

Monday morning and before going to London for the remainder of the week, a quick note on my participation in the #AIMSummit and CMA CGM Startup Awards hosted by Rodolphe SAADE last week in beautiful and sunny Marseille. The Startup Awards and the 60 participating startups brought back fond memories of when we built Maersk Growth in 2017 and hosted a number of similar events. Congrats to the winners Aerleum, zero44, Elonroad, GBMS, Okular Logistics, Optioryx, Argil (YC S24) and Bodyguard and to everybody else pitching and participating. We need to transform global supply chains with technology if we are to achieve our net zero goals - that's exactly is why we are building Nine Realms where global industry leaders, private and public, join forces in driving real change through investments and cross functional collaboration. It was rewarding to observe the industry- and national leadership in the areas of supply chain/logistics and AI last week in Marseille - and how much can be done in a short time. Well done CMA CGM and CEVA Logistics - and #France and thanks for having me. Lots of additional thoughts, including on #AI in supply chains but that will be for another day. #AIMSummit #SupplyChain #NineRealms #Sustainability

Take a sneak peek into the structure of the Accelerate@IATA program 👇 Learn how the Innovation Team sources startups, taking into account diversity in maturity/geography, provides them industry-training with Subject Matter Experts and facilitates pilots with IATA #airlines. More info: https://bit.ly/3vpWFDf #aviation #innovation

Euroairlines feels like a startup, despite having 20 years of history. This was the opening theme in a recent interview with our CEO, Antonio López-Lázaro, in La Razón, highlighting the agility and innovation that keep us as dynamic as a young startup. I this interview with journalist Arantxa Herranz Antonio talked about how our commitment to technology and diversification drives us forward in both the commercial and cargo aviation sectors. Starting with just four members, Euroairlines has grown into a 50-person team spread across Europe and America. Our core business now focuses on distribution, providing airlines with the technological services they need to open new markets globally. As Antonio mentioned, "We are not just an air content distributor; we’re plan to expand into other modes of transport, including plane-sharing, rail, bus, and even cruises." Our expansion strategy includes moving into emerging markets in the Middle East, Africa, and Asia, complementing our established presence in Europe and America. Read the full interview here (Spanish): https://lnkd.in/dYH7aUNx #Innovation #Aviation #StartupSpirit #Euroairlines #ConnectingBeyond

1. From Aramex to a certain digital logistics company, tracing a path of logistics innovation. 2. Championing change, scaling companies, and bridging digital gaps in B2B logistics. 3. Aiming for efficiency and cost-saving through meticulous attention to detail. Who will be unfolding these insights in our Kafu conversation this Sunday? Kafu is a spotlight initiative launched by logistix to highlight contributions within the logistics ecosystem from startups, founders, enablers and investors, enhancing their visibility and celebrating their innovation. #logistixconnect | https://bit.ly/3Hsl1OV

🚢  The 8th edition of the #SmartPortChallenge, part of Singapore’s PIER71™ Great Circle 2024, showcased groundbreaking advancements that are steering the industry toward a sustainable and tech-driven future. 📊 Key Highlights from This Year’s Event:  • Unprecedented Participation: Nearly 200 proposals from 35 countries underscore the global appetite for maritime innovation.  • Incubating Success: 28 startups joined the PIER71 Accelerate program, refining business models and go-to-market strategies with expert mentorship.    • Transformative Partnerships: 20 startups secured 30 collaboration letters with Singapore-based companies, paving the way for pilots, grants up to S$100,000, and potential funding up to S$250,000 from the MPA’s MINT Fund.  Winners of Smart Port Challenge Grand Finals 2024: Clearbot, Open Ocean Robotics, and GT Wings emerged as the first, second and third-placed winners respectively. Recognizing Excellence:     - Thiospark Energy earned a Special Mention for innovation quality and market potential.     - Additional awards of S$10,000 were presented to:      - Mapsea for AI (supported by Amazon Web Services (AWS))      - GT Wings for Maritime Sustainability (supported by OCBC)      - Planys Technologies for Smart Port solutions (supported by PSA Singapore).  Congratulations to all participants and awardees for their contributions to reshaping the maritime’s horizon! 🌊  Read the full article: https://lnkd.in/dQDVv55a #MaritimeInnovation #SmartPortChallenge #PIER71Accelerate #Sustainability #TechForGood #Shipping

MEET THIS STARTUP: Arcube is revolutionising airline data using custom built AI to offer personalised ancillaries and increase customer loyalty, generating millions of additional revenue 🚀 The founders Prithveesh Reddy and Harvey Lowe are building a Passenger Intelligence Platform for travel providers to refine the 600+ valueless ancillaries into personalised perks for airline users. 👀 Why? ❌ Only 6% of flights are booked from loyalty, increasing CAC for ALL customers EVERY time they fly. 🤯 ❌ $212.3bn is spent on ancillaries each year but limited customer data means upsells are not as effective as they could be 🤯 Traction so far? - Pilot program with Etihad Airways of 1,300 passengers generated $1.6m in additional revenue. 💸 - 14 airlines interested in purchasing Arcube’s full-scale product (check out the post in the comments for the pipeline value) 💸 - Partnerships with 3 key distributers: Collinson Group, Visa, & Flight Directors 💸 MEET THIS STARTUP using the link in the comments: Luke Knight Seb Johnson 📊 #Founder #funding #business #investing #vc #venturecapital #entrepreneur #startup

King Abdullah Port signed a collaboration agreement to partner in establishing the Logistics Innovation Studio with key stakeholders in the ecosystem. The studio will bind key entities in the ecosystem and startups from around the world to accelerate the commercialization of critical technologies that can be applied effectively to solve the strategic challenges in the logistics sector and position Kingdom as a global leader in logistics innovations. #KSA #FuturePlans #PortDevelopment ##StrengtheningTies #MaritimeSector #GlobalPartnerships #EconomicGrowth #vision2030

**ixigo vs. MakeMyTrip: Q2 FY25 Highlights** 🚆✈️ ixigo recently acquired a 51% stake in ZOOP WEB SERVICES PRIVATE LIMITED, enhancing its offerings in the train segment. ixigo's other aqusitions are AbhiBus and Confirmtkt. In Q2 FY25, Ixigo’s train segment generated Rs 110.43 crore ($13.1 million), contributing 53.5% of its total revenue of Rs 206.47 crore ($24.5 million). The flight and bus segments contributed 27% and 19.3%, respectively. MakeMyTrip, which acquired redBus in 2017, posted $210 million in revenues, a 25% increase YoY, and a 9x rise in profits to $18 million. Air ticketing contributed 30% of its total revenue at $61 million. Read the results reported by The Arc #TravelTech #Ixigo #MakeMyTrip #redBus #Q2Results #BusinessGrowth #Travel

🦄 The Travel & Mobility Tech unicorn landscape is evolving in 2024! While North America and Asia account for almost 70% of all TNMT unicorns, Europe is carving out a larger stake in the global scene, increasing its share of unicorns worldwide to 25% in the past two years. 🗣️ Two of the three companies that joined the TNMT unicorn club in 2024 are, indeed, European. These companies stand out for their classical travel-tech focus, unlike their more mobility-centric peers: Netherlands-based hospitality tech company Mews, which offers cloud-based property management software, as well as Blueground, the UK-based company providing fully furnished and flexible rentals for extended stays. 🌍 As we move through 2024, it’s clear that Europe's startup ecosystem is growing stronger, building on a foundation of sustainability, technology, and financial services to produce robust businesses. Read more insights here: → https://lnkd.in/e6indJeu #Unicorns #Innovation #StartupEcosystem #TNMT