Singapore-based Wego strengthens business travel offerings with Travelstop buy

(L-R) Wego co-founders Craig Hewett and Ross Veitch / Photo credit: Wego

As part of its expansion into the business travel sector, Wego, a Singapore-based online travel firm, has acquired Travelstop, a local platform for business travel and expense management.

Financial details of the deal remain undisclosed.

The acquisition will give Travelstop access to Wego’s regional network and industry expertise. By integrating Travelstop in its platform, Wego plans to help businesses manage their corporate travel needs and keep tabs on expenses.

“Through this acquisition, Wego aims to address the unique challenges faced by businesses operating in emerging markets, such as fragmented travel options and manual expense reporting,” the company said in a statement.

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Launched in 2005, Wego allows users to search for and book flights and accommodations. It aggregates data from various sources, including airline and hotel websites, online travel agencies, and other travel platforms.

Wego primarily focuses on serving markets in Southeast Asia as well as the Middle East and North Africa. It generates revenue through commissions from bookings, display advertising, and marketing partnerships.

Meanwhile, Travelstop’s platform enables companies to book plane tickets and accommodations and manage travel expenses, among others.