Fairjungle SAS

Based in France, Fairjungle SAS operates as a corporate travel management company, providing a comprehensive platform that streamlines booking, managing, and tracking business travel efficiently. Fairjungle SAS, founded in 2017 in Saint-Mande, France, offers an integrated software solution for managing corporate travel. The company has completed 2 deals, with the most recent occurring on March 3, 2023, when it raised EUR 4. 000 mn in a Seed round from investors, including Galion.

exe. CEO Saad Berrada is among the founders, along with Samir Idris. The total funding raised by Fairjungle to date is EUR 4. 000 mn.

Fairjungle offers a comprehensive platform designed to streamline corporate travel management through an integrated software solution. The core offerings include a next-generation booking engine that simplifies the process of booking, managing, and tracking business travel. This platform provides real-time monitoring of travel expenses, integrating seamlessly with HR, finance, and expense management tools to enhance efficiency and transparency. The technology is tailored to meet the needs of over 500 clients, including companies such as Agicap and 20minutes, aiming to improve user experience for business travelers while ensuring compliance with corporate travel policies.

Geographically, Fairjungle's services cater to the European market, positioning itself as a key player in tech-enabled and sustainable travel management. Fairjungle's revenue model is structured around subscription-based access to its platform, where clients pay for the use of the service rather than incurring traditional commission fees on travel bookings. This model allows clients to manage their corporate travel budgets effectively while benefiting from competitive rates. Transactions are conducted on a B2B basis, where companies utilize the Fairjungle software to streamline their travel processes, thus reducing accounting management time and achieving significant savings on travel expenses.

The platform's unique features, such as the Smart Policy Center and Dynamic Travel Policies, enhance customer value by ensuring compliance and providing comprehensive visibility over travel expenses. In 2023, Fairjungle reported an EBITDA of EUR -1,257,528. 40. In March 2023, Fairjungle SAS raised EUR 4.

000 mn in Seed funding to accelerate commercial development, expand product and tech teams, and launch internationally. The company aims to enhance its platform with new product features and plans to enter additional European markets, leveraging the recent funding to support these initiatives.