Travel accommodation distribution and fintech platform Katanox has entered a deal with travel management company Lanes & Planes.
This collaboration will leverage Katanox’s streaming distribution capabilities, enabling Lanes & Planes to directly connect with key accommodation providers.
It is also expected to enable the travel management company (TMC) to boost revenue by forging connections with new partners and strengthening existing relationships.
Katanox’s platform offers a range of benefits, including commission reconciliation and the ability to receive net payouts.
The benefits are expected to enhance the TMC’s operational efficiency, saving both time and money.
Lanes & Planes CEO and co-founder Veit Blumschein said: “Katanox provides an efficient and effective way to reach and work with accommodation providers on terms that are favourable for everyone.”
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Founded in 2017, Lanes & Planes is a digital travel and expense management solution serving more than a thousand companies.
The partnership comes just after Lanes & Planes secured a $35m Series-A funding round.
This funding was led by Smash Capital, Battery Ventures, and Coparion.
Katanox CCO and co-founder Paul Beukers said: “Lanes & Planes is an ideal buyer for the Katanox platform in terms of what they want to achieve and given our shared vision to transform hospitality.
“As a leader in the German business travel market, the TMC provides our accommodation provider partners with a lucrative distribution channel for the largest economy in Europe.”