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Successfully funded
overfunded
Ortharize
  • Equity
102%
Raised
£435,360
Investors
194
Target
£425,000
Equity
17.88%
Pre-money valuation
£2,000,000

Ortharize is a new type of business travel platform. It enables companies to cut their travel bill by rewarding their staff when they spend less on flights, hotels & trains. Ortharize aims to charge 9.5% on travel booked. In the last 4 weeks they have won contracts with 6 customers, in the private and charitable sectors.

  • Proprietary reward points algorithm
  • In talks with Expenses Software Company to rollout to 1000+ customers
  • Global hotel & airline inventory secured with discounts & commissions
  • The global business travel sector is worth £1tr+ with growth of 5.8% pa as of 2017

Idea

For many companies, the second largest cost after labour is Travel & Expenses. But, most employees book their own travel, so this is a difficult cost for CFOs to control.

Ortharize provides a solution to this problem with a business travel booking platform that incentivises staff to spend less with rewards and gamification. By being more price-savvy travellers earn a share of the savings that they generate for their company.

Our customer pricing is another source of differentiation. Unlike most competitors in the corporate travel sector we don't charge booking fees or have annual charges. We feel that this, combined with our innovative incentives platform will lead to rapid take-up.

Our business model is proven. We plan to generate revenue from a combination of commissions and discounted travel which we mark-up (a similar model to Expedia and many consumer travel sites).

Ortharize have partnered with leading travel provider, Travel & Transport, to give us access to global airline and hotel inventory with pre-negotiated discounts & commissions from launch.

This round will fund an expanded sales team and help to accelerate our growth towards our next revenue milestone.

We are aiming to exit within 5 years and expect this to be through a trade sale.

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Risk warning

Investments of this nature carry risks to your capital, including illiquidity, lack of dividends and dilution. Balance risk with a diversified portfolio. Read more. Approved as a financial promotion by Crowdcube Capital Limited, which is authorised and regulated by the Financial Conduct Authority.

Investment opportunities are not offers to the public and investors must be eligible Crowdcube members. Further restrictions and Crowdcube's limitation of liability are set out in the Investor Terms and Conditions. Please seek independent advice as required as Crowdcube does not give investment or tax advice.

Ortharize has been given advance assurance by HMRC that the proposed share issue is likely to qualify for Seed Enterprise Investment Scheme (SEIS) tax relief.

Tax relief is available to individuals only, with income tax relief currently set at 50 per cent of the cost of the shares for the tax year in which the investment was made. The tax reliefs can also reduce your Capital Gains Tax bill. Read More.

Availability of tax relief depends on your individual and the company’s ongoing circumstances and applicable law.