{"id":5130,"date":"2018-12-19T10:07:18","date_gmt":"2018-12-19T09:07:18","guid":{"rendered":"https:\/\/www.bm-t.de\/v4\/2020\/10\/08\/ucandoo-makes-vacationing-easily-affordable\/"},"modified":"2020-11-05T12:52:52","modified_gmt":"2020-11-05T11:52:52","slug":"ucandoo-makes-vacationing-easily-affordable","status":"publish","type":"post","link":"https:\/\/www.bm-t.de\/en\/2018-en\/ucandoo-makes-vacationing-easily-affordable\/","title":{"rendered":"ucandoo makes vacationing easily affordable"},"content":{"rendered":"
\n

The fin\u00adTech-com\u00adpany, ucan\u00addoo, is rev\u00ado\u00adlu\u00adtion\u00adiz\u00ading the mar\u00adket for travel financing<\/strong><\/p>\n

Erfurt, Ger\u00admany based ucan\u00addoo raised a sin\u00adgle-digit mil\u00adlion invest\u00adment from lead-investor bm|t beteili\u00adgungs\u00adman\u00adage\u00adment th\u00fcrin\u00adgen gmbh and Alpanekino Ltd. ucan\u00addoo is a fin\u00adtech start-up that has devel\u00adoped a plat\u00adform to make financ\u00ading travel has\u00adsle-free. Experts esti\u00admate that today 25 per\u00adcent of all travel is financed, and the mar\u00adket is grow\u00ading strongly.<\/p>\n

ucandoo\u00b4s plat\u00adform replaces the cur\u00adrent cum\u00adber\u00adsome path via banks and unites the largely sep\u00ada\u00adrate worlds of travel book\u00ading and travel financing.<\/p>\n

Cus\u00adtomers can now decide in a travel agency if they would like to pay for travel in the con\u00adven\u00adtional man\u00adner or with a credit financ\u00ading with a max\u00adi\u00admum 12-month dura\u00adtion and a fair inter\u00adest rate. With only a few data inputs, ucandoo\u00b4s part\u00adner bank per\u00adforms an instant cred\u00adit\u00adwor\u00adthi\u00adness check and deliv\u00aders a financ\u00ading deci\u00adsion. The ser\u00advice is sim\u00adple and trans\u00adpar\u00adent for the cus\u00adtomer and saves sig\u00adnif\u00adi\u00adcant time spent fill\u00ading out paper\u00adwork at a bank, and, impor\u00adtantly, allows for the time-shift\u00ading of pay\u00adment for travel.<\/p>\n

ucan\u00addoo is first launch\u00ading its plat\u00adform for phys\u00adi\u00adcal travel agen\u00adcies and will then address the online mar\u00adket in a sec\u00adond phase. In Ger\u00admany, for exam\u00adple, over 60% of leisure travel is still booked with phys\u00adi\u00adcal travel agen\u00adcies. ucan\u00addoo has already won the largest travel-coop in Europe, Raif\u00adfeisen-Touris\u00adtik\u00adgruppe, with 7,000 travel agen\u00adcies in Ger\u00admany, Aus\u00adtria, Bel\u00adgian, Hol\u00adland, and Lux\u00adem\u00adburg as a key part\u00adner. The ser\u00advice will be suc\u00adces\u00adsively rolled out in Raif\u00adfeisen-Touris\u00adtik\u00adgruppe travel agen\u00adcies through\u00adout 2019. \u201cThe prod\u00aduct should allow peo\u00adple to take trips that they pre\u00advi\u00adously could not have afforded,\u201d explained share\u00adholder and man\u00adager Julien Bahadir. Mr. Bahadir also believes the avail\u00adabil\u00adity of easy financ\u00ading will result in the book\u00ading of higher-end travel. \u201cThis invest\u00adment will allow us to sus\u00adtain\u00adably change the mar\u00adket for financed travel,\u201d he added.<\/p>\n

\u201c<\/span>We strengthen Th\u00fcringen\u00b4s Econ\u00adomy through tar\u00adgeted invest\u00adments in inno\u00adv\u00ada\u00adtive growth com\u00adpa\u00adnies with high poten\u00adtial,\u201d said Kevin Reeder, CEO of bm|t beteili\u00adgungs\u00adman\u00adage\u00adment gmbh. \u201cWe believe in the ucan\u00addoo team and that they will sig\u00adnif\u00adi\u00adcantly con\u00adtribute to the travel mar\u00adket. The startup from Erfurt has a strong idea and vision for dis\u00adrupt\u00ading the travel financ\u00ading mar\u00adket with a sleek tech\u00adnol\u00adogy plat\u00adform that cre\u00adates a win-win sit\u00adu\u00ada\u00adtion. The travel agen\u00adcies can offer an added-value ser\u00advice that will increase their book\u00adings and trav\u00adel\u00aders will now have addi\u00adtional options for their travel.\u201d<\/p>\n

Con\u00adtact:<\/strong><\/p>\n

Annette Br\u00fcnger
\nucan\u00addoo GmbH
\n+49 (0) 163 3345100
\nwww.ucandoo.de<\/a><\/p>\n

About bm|t:<\/strong><\/p>\n

bm|t beteili\u00adgungs\u00adman\u00adage\u00adment th\u00fcrin\u00adgen gmbh cur\u00adrently man\u00adages eight invest\u00adment funds with a vol\u00adume of 320 Mio. EUR. As the uni\u00adver\u00adsal invest\u00adment com\u00adpany for the fed\u00aderal state of Thuringia, bm|t invests in inno\u00adv\u00ada\u00adtive com\u00adpa\u00adnies across all sec\u00adtors and stages, from seed invest\u00adments in star\u00adtups to growth equity and mez\u00adza\u00adnine fund\u00ading for estab\u00adlished com\u00adpa\u00adnies to suc\u00adces\u00adsion invest\u00adments such as MBOs and MBIs. The company\u00b4s mis\u00adsion is to strengthen Thuringia\u00b4s econ\u00adomy while gen\u00ader\u00adat\u00ading pos\u00adi\u00adtive invest\u00adment results through tar\u00adgeted invest\u00adments in inno\u00adv\u00ada\u00adtive growth com\u00adpa\u00adnies with high poten\u00adtial. In addi\u00adtion to cap\u00adi\u00adtal, bm|t brings a wealth of expe\u00adri\u00adence and a strong net\u00adwork to its investee-partners.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The fin\u00adTech-com\u00ad\u00adpany, ucan\u00addoo, is rev\u00ado\u00adlu\u00adtion\u00adiz\u00ading the mar\u00adket for travel financ\u00ading Erfurt, Ger\u00admany based ucan\u00addoo raised a sin\u00ad\u00adgle-digit mil\u00adlion invest\u00adment from lead-investor bm|t beteili\u00adgungs\u00adman\u00adage\u00adment th\u00fcrin\u00adgen gmbh and Alpanekino Ltd. ucan\u00addoo is a fin\u00adtech start-up that has devel\u00adoped a plat\u00adform to make financ\u00ading travel has\u00adsle-free. Experts esti\u00admate that today 25 per\u00adcent of all travel is financed, and [\u2026]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[147],"tags":[158,159,163,165,171,172,202],"class_list":["post-5130","post","type-post","status-publish","format-standard","hentry","category-2018-en","tag-fintech-en","tag-investment-en","tag-installment-purchase","tag-travel-financing","tag-thuringia","tag-thuringia-founder-fund","tag-press"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/5130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/comments?post=5130"}],"version-history":[{"count":0,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/posts\/5130\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/media?parent=5130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/categories?post=5130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bm-t.de\/en\/wp-json\/wp\/v2\/tags?post=5130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}