Tumomdo, a travel tech company based in the United Arab Emirates has secured $35 million in their pre-seed round backed by angel investors of the Mena region. Tumodo is a new platform to provide solutions for business travel. This online business travel platform will assist companies in booking business trips with ease. Using this online site businesses can save an average of 35 percent of their total expenses of their travel.

The recently collected funds will help the company to increase its business in the market of the United Arab Emirates by investing in the development of products, and building up new opportunities for the more valuable partnership in the business market of the MENA region.

By 2026 the online travel company aims to extend its business to over 25 countries across the globe.

A pioneering business travel platform, Tumodo founded its business back in 2023 and has recently made an announcement regarding its pre-seed collection. The company raised $35 million successfully during the pre-seed round. The successful process of funding field by some well-known angel investors in MENA. The collected funds will mark the existence of this company in the UAE and plan to bring a lot more opportunities.

Based on the statements given by the Global Business Travel Association, the market for business travel has reached $933 billion in 2022 across the world and is also expected to mark the pre-pandemic extent by $1.4tn in 2024. Additionally, the business travel market in the MENA region is getting better with full force and has already stroked in 2022 at 86% of its level in 2019.

As the platform is staying ahead of the current trend, Tumodo makes the process of booking flights and hotels for businesses for over a hundred employees with a minimum time of 2 minutes. Unlike other competitors in the market, the travel-tech platform Tumodo has no hidden charges for the users, which will allow businesses to look after the expenses and increase the translucency of operations. However, the company is now focusing on the development of AI features that will help simplify the complete process of organising a trip. The advanced technology of Tumodo can be consolidated with the Human Resource system of the companies which will make the internal process easy by maintaining all the policies.

According to  Stan Klyuy, the Chief Commercial Officer of Tumodo, this platform is the ultimate future of business travel. He further said, “It is important for us to contribute to the MENA business travel market and make its recovery not only one of the fastest in the world but also to make this market the most technologically advanced. We help companies set up business processes and optimize the management of travel expenses, enhancing employee productivity and ensuring compliance with travel policies. This allows to reduce the costs on business travel of our clients by 35% on average.”

The online travel tech platform is already truncated by more than 100 businesses across the MENA region. Tumodo is united with all the major distributing channels and hotel chains worldwide. Tumodo equally offers customers more than 2 million options for accommodation which is aligned with the major travel services all around the world.

With the cutting-edge technology of this company and the effective customer-centric movements, Tomodo is all set to become a leading and remarkable travel platform across the MENA region. The platform equally aims to reach 100% of the overall adoption rate, but the support specialists of Tumodo are always in service to assist businesses in organising a trip and selecting the most valuable options available. The travel company is engaged to enable businesses of different sizes and help them to reach their desired trip objectives and maximise the returns of their investments at the same time.

Based on the thorough research made by the World Travel & Tourism Council, even during the pandemic years, the spending amount on a business trip was higher than the average spending on leisure travel. The growing market of the business travel industry was dependent on the region in 2021-2022 and overtook the market of leisure travel by 1 percent to 10 percent. According to certain research, the difference has been reached to 15 percent in the Middle Eastern market. The solutions of Tumodo are already checked and ready to streamline and modernise the process of travel organisations to contribute a large amount to foster the growth of the travel market in the MENA region.