Rei

Brazilian Travel Technology Company Onfly closes $16 million Series A Investment led by Left Lane Capital and Cloud9 Capital

Retrieved on: 
Wednesday, June 7, 2023
Rei, Travel, Marketing, Friction, Cloud9, Growth, Airline, Cryptocurrency, Sales

SÃO PAULO, June 7, 2023 /PRNewswire/ -- Onfly, a Brazilian travel technology company that provides an end-to-end corporate travel and expense management software platform, closed a $16 million Series A round led by Left Lane Capital and Cloud9 Capital. By combining key industry partnerships with a custom-built travel search engine, the company supports all clients' travel needs on a single platform - including booking flights and hotels to employee expense reimbursement and corporate cards. Onfly currently has 200 employees and plans to continue building technology to further facilitate and digitize corporate travel in Brazil and across Latin America.

Key Points: 
  • Onfly currently has 200 employees and plans to continue building technology to further facilitate and digitize corporate travel in Brazil and across Latin America.
  • Founded in September 2018 by Marcelo Linhares, Elvimar Soares and Elvis Soares, Onfly was born from the founders' personal frustrations with booking and managing corporate travel.
  • "Left Lane is excited to support Onfly in building the largest corporate travel and expense management software business in Latin America.
  • "Onfly is following the steps of key global companies by transforming the legacy Brazilian travel industry, which has strong tailwinds towards digitization."

Leading Global Sports Betting Operators create the Brazilian Institute of Responsible Gaming

Retrieved on: 
Friday, March 17, 2023
Rei, Structure of the Canadian federal government, James Gamble (industrialist), Federal, Government, Public sector, Federation, Sport, Brazilian Institute of Public Opinion and Statistics, Responsibility

SÃO PAULO, Brazil, March 17, 2023 (GLOBE NEWSWIRE) -- The Brazilian Institute of Responsible Gaming (IBJR) unites the leading global brands in the sports betting sector, which are joining forces in Brazil to contribute to the discussion and development of the national gambling market.

Key Points: 
  • SÃO PAULO, Brazil, March 17, 2023 (GLOBE NEWSWIRE) -- The Brazilian Institute of Responsible Gaming (IBJR) unites the leading global brands in the sports betting sector, which are joining forces in Brazil to contribute to the discussion and development of the national gambling market.
  • sports betting, technically called "fixed odds betting", which should be regulated by the Federal Government this year, based on law 13.756/18.
  • Bet365, Flutter, Entain, Betsson Group, Betway Group, Yolo Group, Netbet Group, KTO Group and Rei do Pitaco are the founding operators of the entity.
  • The Institute is eager to contribute technical solutions based on comprehensive experiences and global expertise.