Mobility app integrator Splyt raises £15.7m
London-headquartered scale-up Splyt has raised $19.5m (£15.7m) in a Series B investment round led by SoftBank.
The deal sees SoftBank receive a significant share in the integrator of mobility apps and travel platforms.
Other investors in the round included American Express Ventures, the strategic investment group of American Express.
In conjunction with this investment, SoftBank Corp. and Splyt also formed a business partnership, and Daichi Nozaki, SoftBank Corp. VP and Head of the Global Business Division, will join Splyt’s board of directors to further accelerate its global expansion.
Splyt’s technology allows for the integration of mobility services into travel platforms, apps and wallets.
By interconnecting apps, its users can access multiple services on a single app. The firm has integrated ride-hailing into major platforms including Alipay, Grab, and Booking.com.
The firm currently has a staff of 50 based in London and Singapore.
With the latest investment the company now aims to expand its network with additional mobility services, including bike-sharing and scooters.
By collaborating with Splyt, SoftBank hopes to interconnect the different app platforms of group companies.
Philipp Mintchin, co-founder and CEO of Splyt, said the firm’s aim was to enable its partners to provide seamless mobility solutions to their customers.
“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,” he said.