Hopper travel app

Travel booking app Hopper has announced it has received a further $96 million investment from Capital One, adding to the $100m invested by the financial giant last year.

Hopper said the funding will be used to expand its cooperation with Capital One and develop additional travel products for cardholders.

The two companies already work together closely, with Hopper’s technology powering Capital One Travel and Premier Collection.

Capital One and Hopper launched Capital One Travel in 2021, which offers Capital One cardholders various travel rewards. The soon to be launched Premier Collection scheme offers luxury hotel perks to cardholders.

Capital One has already informed investors that it will provide additional funding to franchises, including as its travel portal and airport lounges, in order to target high-spending customers.

“Through this strategic partnership, we’re well-positioned to adapt to a rapidly changing travel environment and create industry-leading solutions for our customers,” the bank said.

Founded in 2007, Hopper has become one of the most popular travel apps since going public in 2014, and in 2021 surpassed Airbnb and Booking.com in terms of active users.

By admin