Browsing: hoteltech

The acquisition of equity on HotelOnline for an undisclosed amount enables the Asian travel company to make sales and introduce its travel-based SaaS (Space as a service) technology in Africa. This is part of the $1.7 billion investment that the Korean company raised last year from SoftBank Vision Fund 2, one of the world’s largest technology-focused investment funds.

Yanolja is scheduled to go public on NASDAQ in 2023 and they have the backing of global travel leader Booking.com.

Jongyoon Kim, CEO of Yanolja Cloud has been on the record emphasizing the need to enter into a partnership with a major African travel entity and the pursuit seem to have been achieved.