Event: 2022 Phocuswright Conference
Product: TripStax
HQ: Cheshire, U.K.
Principal(s): Jack Ramsey, CEO; Simon Breakwell, Non-Executive Director; Nikki Banks, CMO; Mathias Andersson, CCO; Scott Wylie, CTO; Bruce Hanna, COO
Funding: TripStax Technologies Limited is privately backed.
Product Description: TripStax is a fully connected stack of proprietary travel tech modules (Analytics, Approve, Content, Docs, Mobile, Portal, Profile, Track), powered by ‘The Core’, a profound data processing ‘nerve centre’. The Core consumes, enriches and manages TMC clients’ profile, booking and invoice data and is the powerhouse that drives how this data is used across each module. The Core also connects airline content from multiple sources including GDS providers, aggregators and direct connects to airlines.
Business Model: TripStax is built on a ground-breaking, cost-reducing commercial model. TMCs pay a subscription fee per module they adopt within the stack. However, unlike legacy tech providers, we only charge a single transaction fee for ingesting booking, profile or finance data, no matter how many times that data is processed within any TripStax module.
Competitors: The TripStax Core is a one-of-kind solution for which there is no competitor, but we do face some competition from individual module vendors.
Competitive Edge: TripStax is a truly connected stack of business travel tech modules driven by a data processing powerhouse, The Core, which consumes, enriches and manages a TMC's client booking, profile and invoice data seamlessly across the stack. The Core Is unique to TripStax and our key market differentiator.
Market Opportunity: TripStax enables TMCs to:
- increase their competitiveness in the market and enhance customer service delivery, by having access to premium, versatile, affordable travel technology
- remove the need to manage multiple tech vendors and reduce the costs of complex third-party tech integrations
- gain unprecedented centralization and management of client booking, profile and finance data, thus providing total visibility of customer behaviors
- generate further revenue opportunities for their business.
Early Customers: TripStax already consumes 3M+ bookings annually from TMC clients of all sizes around the globe who have adopted our technology.
