London-based mobility app and travel platform integrator
Splyt has closed a US$19.5 million Series B investment round led by Japanese technology
giant Softbank.
Existing investors as well as American Express Ventures took
part in the round. Splyt said the new funding will be used to support its
expansion.
Splyt’s technology enables the integration of mobility
services into travel platforms, superapps and digital wallets, allowing end
users to access multiple services in a single app. The company has formed
multiple partnerships in recent years, integrating ridehailing services into
major platforms such as Alipay, Ctrip and Booking.com. It also works with
Cartrawler, Careem, Gett, Grab and Mozio.
With its investment, Softbank will be able to integrate the
different app platforms of its group companies and Splyt’s partners.
Ken Miyauchi, president and CEO of Softbank, said: “With the
continued widespread adoption of smartphones, apps are becoming increasingly
integral to people’s daily lives when they shop, eat and travel. The
proliferation of different platforms, however, is giving rise to the need for
superapps that combine multiple functions into one app… Splyt’s technology and
extensive partner network will also help us leverage the strengths of Softbank’s
assets and deliver on our ‘Beyond Carrier’ growth strategy.”
Philipp Mintchin, co-founder and CEO of Splyt, commented: “Our
aim is to enable our partners to provide seamless mobility solutions to their
customers, letting them feel at home anywhere in the world. It’s a great
pleasure to collaborate with some of the best companies in the world, and to be
able to welcome Softbank Corp and American Express Ventures as investors to
Splyt.”