Farel Analysis: $850K Raised
What is Farel?
Farel offers a comprehensive software platform for airlines, enhancing operations from inventory management to customer engagement solutions.
Product Features & Capabilities
- African airlines solutions, Startups solutions, Inventory management, Departure control, Customer-facing technology, Multichannel distribution, Integrated payments platform, Internet Booking Engine (IBE), Mobile App, API for OTAs, Agency Platform, Automation of refunds, rebookings, and cancellations
Pricing
- All-inclusive price: Access our entire platform with no extra per-feature fees.
- Pay per-passenger boarded: Straightforward per-passenger boarded based pricing.
- No more hidden fees: No implementation, training, and monthly minimum fees.
- Pay as you go: Simplified, pay-as-you-go pricing adapts
How much Farel raised
Pre-Seed - $850K
August 27, 2020Lead Investor: Y Combinator, Sturgeon Capital
Who are the founders of Farel
AO
Askhat Omarov
Founder/CEO
Market Focus
Farel primarily focuses on the airline industry, providing software solutions that optimize operations for growing airlines, including inventory management and customer-facing technology.
Business Model
Pay-as-you-go pricing model with per-passenger boarded charges and no hidden fees.
Investors
- Y Combinator
- Zentani Capital
- Richard Chen
- Cameron Hogan
- David Hughes
- Josh Hannah
Competitors Overview
Farel's main competitors in the airline software market include:
- TravelPerk: An all-in-one corporate travel management tool that offers a vast inventory of business travel options. It is noted for its user-friendly interface and comprehensive booking capabilities, making it ideal for corpora
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