Modernizing Travel Payments
Singapore-based travel technology firm Laters.com successfully closed a $1.5 million seed funding round this week. The startup, formerly known as Fly Fairly, plans to use the capital to scale its innovative flight booking and payment platform. The investment round marks a significant milestone for the company’s regional growth strategy.
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OneSpan Unveils New e‑Signature Features Including Identity Wallets and AI Workflow SupportXBO Ventures, the investment division of the digital asset platform XBO.com, spearheaded the financing effort. The round also attracted support from various angel investors specializing in payments, fintech, and enterprise software. These backers aim to help the company refine its booking infrastructure and expand its market reach across Southeast Asia.
The platform distinguishes itself by integrating flexible payment solutions directly into the flight reservation process. By moving away from its previous brand identity, the company is positioning itself to capture a larger share of the travel market. The new capital will primarily support product development and team expansion in Singapore.
Will New Capital Drive Regional Expansion?
Executives believe the rebranding reflects a shift toward more accessible travel services for modern consumers. The company focuses on simplifying complex booking workflows while offering diverse payment options. This approach addresses common friction points travelers face when securing international airfare through digital platforms.
The funding provides the necessary runway to accelerate the company's roadmap over the coming year. Increased investment in technology will likely lead to faster platform updates and improved user experiences. As the travel sector continues to recover, the firm is well-positioned to compete with established online travel agencies.
The company remains focused on its core mission of making flight bookings more efficient. Investors expect the startup to leverage its fintech expertise to introduce more payment flexibility for its users. This strategic move could redefine how customers interact with travel booking tools in the near future.
Frequently Asked Questions
What was the previous name of the company? The startup was formerly known as Fly Fairly before rebranding to Laters.com.
Who led the recent investment round? The seed funding round was led by XBO Ventures, which is the investment arm of XBO.com.
What is the primary goal of this funding? The company intends to use the $1.5 million to expand its flight booking platform and enhance its payment infrastructure.
