Trip Affiliates (TA) Network, the cloud-based technology solutions provider for the travel and hospitality sector has secured a USD 4.5 million Series A Funding to further scale its business across Asia.
Specialising in mission-critical enterprise software systems, TA Network has raised over USD 12 mn since its inception. With this latest successful Series A round, TA Network plans to use the funds to expand in other regions, including the Greater China region and Asia Pacific where there is strong demand for its services.
Josef Foo, Co-Founder and COO, TA Network said, “Since inception, TA Network has established itself as a technological innovator, having developed proprietary know-how through full vertical integration, owning system development and testing operations entirely in-house. By providing maximum reliability, cost-efficiency, and agile solutions, we believe our high degree of automation allows for future scalability to serve increasing market demand.”
Ho Siang Twang, Co-Founder and CEO added, “Our mission remains steadfast in the creation of an open travel ecosystem thriving on shared cloud-based digital infrastructure services where travel and hospitality operators are able to transact directly online with one another, and empowered digitally with continuous improvements in process automation, business intelligence, and customer delivery to achieve sustainable growth.
By delivering seamless journeys & happy stays, businesses are able to enhance efficiencies and drive immense growth across the globe. By embracing cloud technology, the industry has become more agile, efficient, and customer-centric. And as technology continues to evolve, cloud based solutions will continue to play a pivotal role in shaping the future of travel and hospitality.
The funding round will be used to accelerate the growth and adoption of TA Network platform services in Asia which is also timely with the rising need for digitalisation as both inbound and outbound travel plans continue to gain speed across the Asian market.”TA Network will use the investment to broaden its footprint through hiring resources and on-ground marketing activities, as well as deepen its product offering to support its growth and geographic expansion.
Sean Chong, Series A anchor investor, said “TA Network is solving real-world problems for the hospitality industry with proprietary technology that has been validated by the caliber of their client portfolio. I’m impressed by the vision and execution of the management team as TA Network continues to capitalise on these trends to bring more players into its hospitality ecosystem. I am excited for their next phase of growth as they continue to scale and build on their success.”
