Tech scaleup integrator secures $19.5m in Series B investment round

A tech firm aiming to integrate mobility apps is set for further expansion after closing a multi-million dollar funding round.

London-based Splyt has secured $19.5m in a Series B investment round led by Japanese telecommunications specialist SoftBank

The round also saw participation from the strategic investment group of American Express - American Express Ventures, alongside existing investors.

Splyt aims to make global travel easier by enabling the integration of mobility services into travel platforms, superapps and wallets.

With the new investment, Splyt aims to expand its global network with additional mobility services, including bikesharing and scooters.

Philipp Mintchin, co-founder and CEO of Splyt, commented: “Our aim is to enable our partners to provide seamless mobility solutions to their customers, letting them feel at home anywhere in the world.

“It’s a great pleasure to collaborate with some of the best companies in the world, and to be able to welcome SoftBank Corp. and American Express Ventures as investors to Splyt.”

Ken Miyauchi, president & CEO of SoftBank Corp, added: “With the continued widespread adoption of smartphones, apps are becoming increasingly integral to people’s daily lives when they shop, eat and travel.

“The proliferation of different platforms, however, is giving rise to the need for superapps that combine multiple functions into one app.

“Splyt is a global leader in integrating different mobility, wallet, travel and other platforms, and will enable us to promote superapps to further grow usage and our customer base.”

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