Berlin’s TravelTech startup Swifty joins Revolut to enhance AI-driven travel and lifestyle experiences
Revolut, the UK-based financial technology giant, has acquired Swifty, a Berlin-based startup specializing in AI-powered travel solutions. This strategic move aims to enhance Revolut's existing loyalty and lifestyle products for its global customer base, signaling the growing integration of artificial intelligence within the fintech and travel sectors. The acquisition highlights a trend of financial platforms expanding into travel and lifestyle services through AI applications. Swifty's AI technology will be integrated into Revolut's offerings, focusing on personalized and seamless experiences for its 65 million customers. The startup, which was founded in 2023 and incubated at Lufthansa Innovation Hub, provides an AI assistant that automates travel planning, booking, payment, and invoicing via a chat interface. Swifty was also a finalist in the 2023 FutureTravel Pitch Competition. The acquisition of Swifty by Revolut exemplifies the convergence of Fintech and TravelTech, with AI playing a central role in bridging finance and travel experiences. This follows a trend of travel and lifestyle startups in Europe integrating AI to enhance services. The move allows Revolut to strengthen its position at the intersection of finance, AI, and lifestyle, offering AI-driven travel solutions to its expansive user base. This acquisition aligns with broader market trends and could set a precedent for other fintech companies in Europe. These developments may contribute to a greater push towards European digital sovereignty by providing alternatives to the US Big Tech services.
To provide multilingual access, this article summary was automatically generated.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.