Selfbook, a NYC-based comprehensive hotel payment software platform, raised $25m in Series A funding.
The round, which brought total of equity capital raised to date to nearly $30m, was led by Tiger Global Management, with participation from Lachy Groom, Valia Ventures, Fin Venture Capital and strategic angel investors.
The company intends to use the funds to continue to expand operations and business reach.
Launched in April 2021 and led by Khalid Meniri, CEO, Selfbook enables hotels to accept one-click payments directly on their websites while eliminating fraud and reducing chargebacks. The proprietary software streamlines the payment process for hotels by supporting Apple Pay, Google Pay and PayPal as well as traditional credit and debit cards. Selfbook also groups multiple services such as restaurant reservations, spa appointments and activities into a single payment flow to drive upsells and increase revenue.
Clients include Eden Rock St Barths, Le Pigalle and Line Hotels, among others.