Splyt has raised $20.0M in total across 1 funding round.
Splyt's investors include 040 Capital, 9Yards Capital, Bessemer Venture Partners, Cedar Capital Group, Company Capital, F-Prime Capital Partners, Lead Edge Capital, TCV, Pawan Deshpande.
Splyt Technologies is a B2B technology platform that operates as a global digital marketplace, integrating on-demand mobility and lifestyle services like ride-hailing, airport transfers, bikesharing, scooters, public transport, food delivery, and experiences into superapps, travel platforms, and fintech wallets.[1][2][5] It serves superapps, travel platforms, and fintech brands by connecting them to a network of providers across 2,000 cities in 150 countries, simplifying integrations with one contact, one invoice, and one API while handling contracts, updates, and multilingual support to boost user retention and revenue.[2][4][5] Founded in 2015 in London, Splyt raised $27.5M before being acquired by Kakao Mobility in March 2023, enabling seamless access for over 2 billion users without leaving their apps.[1][4]
The platform solves the fragmentation in global mobility by acting as an "ecosystem enabler," allowing providers to instantly reach demand partners and users to access local services anywhere, fostering growth for partners like the world's largest superapps.[3][4][5]
Splyt Technologies Ltd was incorporated on February 18, 2014, in the UK under initial names like Mintchin Solutions UK Ltd and GIS - Global Innovative Solutions Ltd, before rebranding to Splyt Technologies.[6] It officially launched in May 2015 in London as a leader in on-demand transportation, focusing on ride-pooling.[1][4] A pivotal shift occurred in January 2017 after SplytCon Dubai, when it evolved into the world's leading mobility roaming platform, connecting global providers and consumers.[4] By October 2017, it had signed major transportation providers, expanding to 28 million cars across 29 countries and 5 continents.[4] The company grew into a talent-heavy scale-up with 54-75 employees across 25 nationalities in offices in London, Singapore, Kuala Lumpur, and Tokyo, extending beyond mobility to lifestyle services like food delivery and experiences.[2][4]
Splyt rides the superapp trend, where platforms like WeChat or Gojek consolidate services to dominate user time, by embedding fragmented on-demand mobility into existing ecosystems amid rising demand for seamless, app-contained travel post-pandemic.[2][4][5] Timing aligns with urbanization, smartphone penetration in emerging markets, and the push for "borderless travel," lowering barriers via its roaming platform that connects stakeholders worldwide.[3][4] Market forces like ride-hailing consolidation (e.g., Uber's dominance) and micromobility growth favor Splyt's aggregator model, influencing the ecosystem by enabling non-mobility apps to monetize transport without building from scratch.[1][5] Its acquisition by Kakao Mobility in 2023 amplifies this, leveraging Kakao's Asian superapp strength to scale globally.[1]
Post-acquisition by Kakao Mobility, Splyt is positioned to accelerate as the go-to enabler for superapps expanding into lifestyle services, potentially integrating more AI-driven personalization and sustainable transport options like electric micromobility.[1][2] Trends like regulatory pushes for open mobility APIs and Asia's superapp dominance will shape its path, evolving its influence from mobility aggregator to comprehensive on-demand network powerhouse. This builds on its founding vision of making users "feel at home, anywhere," now supercharged for billions.[4]
Splyt has raised $20.0M across 1 funding round. Most recently, it raised $20.0M Series B in June 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2020 | $20.0M Series B | 040 Capital, 9Yards Capital, Bessemer Venture Partners, Cedar Capital Group, Company Capital, F-Prime Capital Partners, Lead Edge Capital, TCV, Pawan Deshpande |
