Marco Polo Technology Co., Ltd, a Beijing, China-based parent company of Pkfare, a global travel B2B marketplace, received a $1.6m Series A funding round.
Backers included the Civil Aviation Investment Fund, Caissa Tourism Group and (CKGSB) Chuang Fund.
The company intends to use the funds to drive further global expansion, expand the management team, and deepen the application of its products and technology upgrading.
Led by Jason Song, Founder and CEO, and Jason Sui, Co-Founder and Senior Vice President, Pkfare is an innovative global travel B2B marketplace targeting air tickets, hotels and destination products.
The company has also signed a strategic partnership with Beijing Zhongguancun Bank Co Ltd, launching a financial product “PKPAY” for the travel industry which will offer assistance for small and medium-sized travel enterprises to obtain bank loans, boosting development of the nation’s travel industry.