FinalPrice, a Los Angeles, CA—based new subscription-based travel app, raised $4m in funding.
Backers included Almaz Capital, Sistema VC and private investors. In conjunction with the funding, Pavel Bogdanov, Almaz Capital General Partner, joined FinalPrice’s board of directors.
The funding will be used for marketing initiatives, product development and scaling.
Led by founder Peter Kutis, FinalPrice is a mobile app that provides access to every travel need, including flights, hotels and rental cars with the minimum available price through the subscription fee of $99 a year.
It provides access to the worldwide travel, including flights of more than 800 airlines, about 1 million of hotels and top 40 car rental companies throughout the globe.
The algorithm rates hotels not just by their reviews, but also takes into account the hotel NPS, location, price, number of rooms and other factors. The app presents a curated list of the best offers in every city based on the person’s Traveler Score, further tailoring offers. Users can send previous itineraries to FinalPrice and it will instantly learn their preferences.
The platform also features personalized offers and curated hotels based on the analysis of a user’s travel history and personal preferences.
Initially, it will be available only to the customers in the U.S., but it provides flights, hotels and rental cars throughout the globe.