Colibra

Colibra is a travel technology company that offers a unique "Pay if OK" policy for booking flights and hotels. The company's app allows travelers to book flights without upfront payment, charging them only after the plane lands at its destination without delays. Colibra's main feature is its compensation system for flight delays. If a flight booked through the app is delayed by one hour or more, the traveler receives a message notifying them that they do not have to pay the full cost of the flight. For delays of more than three hours, travelers pay nothing for the flight. This system applies to flight cancellations as well. Colibra leverages the Flight Compensation Regulation in the European Union, which entitles travelers to compensation for delays exceeding three hours. The company handles all paperwork and claim processes automatically, splitting the compensation between users who experience shorter delays while retaining a small portion. In addition to flights, Colibra extends its services to hotel bookings, covering the cost of the first night's stay if a flight is delayed by more than three hours. The company generates revenue through commissions on sales made through its app.

Key customers and partnerships

Colibra has established a partnership with the government of Dubai, collaborating with its tourism sector to promote travel to the country. This partnership allows Colibra to work closely with local markets and integrate with airlines and the Dubai government. The company is also exploring a collaboration with Klarna, a fintech company providing payment services, to offer an interest-free buy now, pay later option for flight bookings without the need