Pkfare gets US$1.6 million in series A funding

26 Apr 2018 2089 | World Travel News

Marco Polo Technology has raised approximately US$1.6 million for its B2B travel marketplace subsidiary, Pkfare, in a series A funding round, with investors counting Civil Aviation Investment Fund, Caissa Tourism Group and Chuang Fund.

The funds will be used to drive further global expansion, beef up the management team, deepen the application of its products and upgrade technology, according to a statement from PKfare.

Song (middle) and Sui (to his right) celebrate the completion of Pkfare’s Series A funding round

Pkfare intends to leverage the resources and management experience of its investors to grow into a “first-class global company” and go public in the future, said Jason Song, founder and CEO of Pkfare.

In addition, Pkfare has signed a strategic partnership with Beijing Zhongguancun Bank, launching a financial product named Pkpay, meant to assist travel SMEs in obtaining bank loans.