Breaking
SEP 2025: WeTravel raises $92M Series C led by Sapphire Ventures Valuation reportedly tripled Trips run in 206 countries 1.6M+ travelers served $126M raised across 4 rounds Ted Clements named CEO; co-founder Koeppel moves to CPO Bank payments from 1% + $0.30
Company Profile Travel Fintech & SaaS San Francisco · Est. 2016

WeTravel

The operating system for multi-day group travel - booking pages, payment plans, cross-border supplier payouts and AI itineraries, built for the businesses that run the world's trips.

WeTravel's white-on-teal mark, the quiet financial plumbing behind retreats, student trips and expeditions in 206 countries. Photographed from the company's brand assets, San Francisco.

2016
Founded
$126M
Total raised
206
Countries served
1.6M+
Travelers
What It Does

The back office of a trip, rebuilt as one platform

Most travel technology was built for the solo booker reserving a hotel room or a flight. WeTravel started from a different, messier problem: how a small tour operator collects a several-thousand-dollar deposit for a twelve-day trek from a traveler paying in another currency, splits the balance into installments, and then pays the local guide on time and across borders. For years that work ran on spreadsheets, generic payment links, and hope.

WeTravel replaced that patchwork with a single system. Operators build a branded booking page in minutes, collect deposits and scheduled payments, manage traveler details and manifests, reconcile finances in real time, and transfer money to suppliers - all from one dashboard. The company describes the product as an all-in-one operating system for multi-day travel businesses, and the pitch is deliberately narrow: it is not another online travel agency, it is the financial and operational engine sitting behind the operators themselves.

The scale is quiet but real. WeTravel says it has facilitated trips in 206 countries for more than 1.6 million travelers - infrastructure most travelers never see, because the best plumbing is invisible until it fails.

Who Uses It & Why

Built for the operators everyone else overlooked

The customers

Tour operators and travel agencies, wellness and yoga retreats, student and educational travel providers, faith-based and affinity group trips, and adventure or expedition companies. In short: any business running multi-day, group travel rather than single bookings - from a solo organizer to a large enterprise.

The problems it solves

Fragmented payments, expensive card fees, currency friction, manual reconciliation, and the logistical grind of collecting traveler details and paying vendors abroad. WeTravel consolidates deposits, installments, refunds, reminders, manifests and supplier transfers so operators spend less time on money and paperwork.

I believed technology could better the system and provide an all-in-one solution to help local businesses and communities operate more effectively - to increase revenue and reduce logistical issues.

- Johannes Koeppel, Co-Founder & Chief Product Officer
Products & Services

One dashboard, the whole trip lifecycle

SINCE 2016

Booking Pages

Branded, shareable trip pages with itinerary details, photos and checkout - built in minutes to convert travelers directly.

SINCE 2016

Payments & Plans

Deposits and installment schedules with automatic reminders. Cards plus fee-free local bank rails (ACH, SEPA, PAD, BECS, BACS) from as low as 1% + $0.30.

SINCE 2020

Multi-Currency Checkout

Travelers pay in their local currency and method while the organizer sees every payment in one chosen trip currency.

SINCE 2021

Supplier Payments

Cross-border transfers to guides, hotels and vendors, reconciled in real time inside the organizer dashboard.

SINCE 2019

Traveler Management

Collect participant details at checkout or later for real-time manifests, customer portals and scheduled communication.

NEW 2025

AI Itinerary Builder

AI-assisted, mobile-friendly itineraries - plus emerging AI for contract management and automated operations.

Business Model & Edge

How it makes money - and why operators switch

The model

A free plan monetized through transaction fees (bank payments from ~1% + $0.30, with card and FX fees on top), plus a Pro subscription around $79/month that unlocks the itinerary builder, lead capture and advanced booking tools. Revenue scales with the volume of bookings flowing through the platform - and with cross-border and supplier transfers.

How it differs

General processors like Stripe move money but do not run a trip; niche booking tools handle logistics but not travel-specific fintech. WeTravel built both - local bank rails, multi-currency checkout and supplier payouts wired into the booking flow. For thin-margin operators, paying 1% instead of 3%+ on a large deposit is not a rounding error; it is payroll.

That focus is also the strategy behind the 2025 Series C: rather than broadening into adjacent markets, WeTravel is going deeper into a single customer - the multi-day operator - and layering AI onto the manual work of itineraries, contracts and operations.

Funding & Backers

$126M raised, most of it recently

Seed · 2018$2M
Series A · 2020 (Base10)n/d
Series B · 2022 (Left Lane, Base10)$27M
Series C · 2025 (Sapphire Ventures)$92M

Bars scaled to disclosed round size. Series A amount undisclosed (shown indicative).

WeTravel's September 2025 round - $92 million led by Sapphire Ventures, with repeat backers Left Lane Capital and Base10 Partners plus Cross Creek - reportedly tripled the company's valuation. The money funds a push into AI for tour operators: intelligent itinerary builders, contract management and automated operations meant to replace manual work.

It is a long way from the roughly $2 million seed the company raised in 2018 to court small and mid-sized agencies. The market it is chasing is large: multi-day group travel is estimated at around $270 billion in 2025.

Sapphire Ventures Left Lane Capital Base10 Partners Cross Creek
Where It Fits

A ~$270B market that still ran on spreadsheets

WeTravel sits at the intersection of travel software and fintech - a lane that big processors and consumer OTAs largely skipped. Its competition is less a single rival than a patchwork: booking tools like YouLi, TravelJoy, Tourwriter, Rezdy, FareHarbor and Checkfront on one side; payment providers like Stripe and PayPal on the other; and, most commonly, the manual stack of spreadsheets plus generic payment links that WeTravel is built to replace.

By owning both the booking experience and the money movement for one specific customer, WeTravel positions itself as the default operating system for multi-day travel rather than a point solution - the difference between selling a tool and selling the system a business runs on.

$270B

Estimated size of the multi-day group travel market in 2025.

~330

Employees across US and European operations, including an Amsterdam presence.

3

Immigrant co-founders who met at UC Berkeley and started the company in 2016.

Founders & Expertise

A Red Cross veteran, a banker, and a presidential aide

WeTravel's founding team is unusually cross-disciplinary. Johannes Koeppel, a Swiss immigrant, spent years with the International Red Cross and Medecins Sans Frontieres before business school. He met co-founders Garib Mehdiyev, a former banker from Azerbaijan, and Zaky Prabowo, who had worked as an aide to Indonesia's president and consulted for McKinsey, while studying at UC Berkeley. That mix - humanitarian logistics, banking, and operations - maps neatly onto a product that is equal parts payments and trip management.

Johannes Koeppel

CO-FOUNDER / CPO

Former CEO, now Chief Product Officer; ex-Red Cross and MSF.

Garib Mehdiyev

CO-FOUNDER

Former banker from Azerbaijan; the fintech backbone.

Zaky Prabowo

CO-FOUNDER

Ex-adviser to Indonesia's president; former McKinsey consultant.

In 2025, co-founder Johannes Koeppel handed over the CEO title to become Chief Product Officer, and Ted Clements was appointed CEO - a rare handoff where a founder chose the product seat over the top job.

- Leadership transition, 2025
Timeline

From payment link to operating system

2016

WeTravel is founded

Three Berkeley classmates launch a simpler way to handle payments for group trips.

2018

Seed round & TechCrunch coverage

A ~$2M seed funds expansion among small and mid-sized travel agencies.

2020

Multi-currency & platform expansion

Grows from a payment link into a fuller booking and payments platform.

2022

$27M Series B

Left Lane Capital and Base10 lead a round to build travel-specific fintech and scale globally.

2025

$92M Series C led by Sapphire Ventures

Reportedly triples valuation; funds a major push into AI for multi-day operators.

2025

New CEO appointed

Ted Clements becomes CEO as co-founder Johannes Koeppel moves to Chief Product Officer.

FAQ

Questions people ask about WeTravel

What does WeTravel do?
WeTravel is a booking and payments platform built for multi-day and group travel businesses. Operators create branded trip pages, collect deposits and installment payments in multiple currencies, manage travelers, pay suppliers, and build AI-assisted itineraries from one dashboard.
Who uses WeTravel?
Tour operators, travel agencies, wellness and yoga retreats, student and educational travel providers, faith-based and affinity groups, and adventure or expedition companies - businesses running multi-day, group trips rather than single hotel or flight bookings.
How much does WeTravel cost?
There is a free plan where only transaction fees apply, with bank payments starting as low as 1% + $0.30 per transaction. A Pro plan (around $79/month) adds the itinerary builder, lead capture, and advanced booking features.
How much funding has WeTravel raised?
About $126M in total across four rounds, including a $2M seed (2018), a $27M Series B (2022), and a $92M Series C led by Sapphire Ventures in September 2025.
Who founded WeTravel and who runs it now?
It was co-founded in 2016 by Johannes Koeppel, Zaky Prabowo, and Garib Mehdiyev, who met at UC Berkeley. As of 2025, Ted Clements is CEO and Koeppel serves as Chief Product Officer.
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