Okarito SAS

Okarito SAS, now known as Swile Travel, specializes in providing a streamlined business travel management solution for companies, facilitating easy booking and comprehensive travel oversight. Established in 2018 in France, Okarito SAS focuses on business travel solutions, enabling companies to manage travel expenses efficiently. The company was acquired by Swile in May 2022, securing a EUR 3. 37 mn investment.

Brice Huet, the founder, has a background in launching tech companies and has contributed significantly to the travel management space. The company has completed 2 deals with total funding raised amounting to EUR 2. 1 mn. Swile Travel offers a comprehensive business travel solution designed to streamline the travel management process for companies of all sizes.

The platform facilitates simplified booking without the need for employees to advance personal funds, allowing users to modify or cancel reservations with ease. Swile Travel provides access to a vast array of international travel options, consolidating all invoices into a single location for enhanced financial oversight. Additionally, it equips businesses with analytical tools to monitor travel expenditures and configure validation workflows alongside travel policies, ensuring compliance and efficiency. The service meets the needs of diverse customers, including large corporations such as Carrefour, Le Monde, and TikTok, as well as local government entities, operating primarily in the French and Brazilian markets with a user base of 5.

5 million across 85,000 organizations. In 2023, Swile Travel reported a revenue of EUR 40. 69 mn, with an EBITDA of EUR -1. 14 mn.

The company's revenue generation is predominantly structured around B2B partnerships with organizations that utilize their travel management services, engaging clients through subscription-based models with flexible billing frequencies tailored to their needs. Following its acquisition in May 2022, Swile Travel aims to enhance its business travel offerings and expand into new geographic regions, leveraging the secured investment of EUR 3. 37 mn from Swile to strengthen its operational capabilities. The company is focused on launching new products designed to optimize travel management by the end of 2023, with plans to expand its market presence beyond France and Brazil into additional European markets.