Fairlyne

Fairlyne, a France-based company, provides a resale-as-a-service platform specifically designed for the travel industry. This technology enables travel companies, including airlines, railways, and hospitality businesses, to incorporate a resale option into their distribution systems. This feature offers customers increased and also generates additional profits for companies by providing a second chance to sell tickets.

Fairlyne's technology allows travel companies to create their own resale experiences, offering a new level of flexibility to their non-refundable customers. This service can help unlock new capacities at optimal prices. The platform is designed to be customizable, allowing companies to set their own terms, maintain their brand identity, and retain control over customer data. The integration process is designed to be seamless, with Fairlyne handling the integration with the company's Passenger Service System (PSS). The platform also includes a dashboard for monitoring and managing the resale process. The platform also allows permanent resale options, apart from sold-out flights, through its marketplace feature.

The company claims that it can build a resale system for customers within three months. Additionally, the company operates on a revenue-sharing model, based on the incremental margin generated from the resale process. This includes the difference between the compensation of the initial booking and the price of the newly resold booking.

Key customers and partnerships

In 2022, the company partnered with French low-cost train operator Ouigo to provide a service in which passengers could resell their non-flexible bookings through the rail company’s website and app.

Funding and financials

In July 2023 , Fairlyne raised USD 3 million in a seed funding round led by Speedinvest. Funds were earmarked to further develop the platform, expedite the deployment of Fairlyne with clients across the travel industry, and expand to new markets, including the US. In 2022, the company raised a pre-seed round from key C-level executives in the travel industry.

Competitors: None. (The product offering is unique; Fairlyne offers a resale-as-a-service platform for airlines, railways, and hospitality firms.)