Photo - Skyjunxion
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Skyjunxion

Building The World's 1st Global Business Travel Market

UAE
Market: Other
Stage of the project: Operating business

Date of last change: 09.09.2024
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Idea

Skyjunxion is a B2B SaaS platform that streamlines corporate travel management, offering a digital transformation platform for large companies and government entities that enhances efficiency, reduces costs, and strengthens security, while boosting brand prestige. Our solution integrates booking, expense management, ERP integrations and real-time analytics, addressing the billions lost in inefficiency in current business travel processes.

Current Status

• Reseller agreements with 2 major TMC's in Dubai, 1 in Saudi Arabia and another in Singapore, with first corporate customers already online and transacting
• 400% year-over-year projected revenue growth
• First Government agreement in negotiations

Market

Corporate and Government Business Travel, focused on MNC's, conglomerates and government entities

Problem or Opportunity

The $2.5 Trillion Business Travel Industry is Struggling with Complexities and is
Ripe for Disruption
• Escalating Travel Costs:
Rising business travel expenses are cutting into company budgets without efficient ways to optimize spending.
• Disconnected Booking Systems:
Businesses struggle with fragmented booking platforms, lacking a single global solution for seamless travel management.
• Limited Access to Travel Options:
Companies face difficulties accessing a comprehensive range of travel suppliers and retailers in one place, leading to inefficiencies.
• Missed Tax Savings:
Current tools fail to recover all possible tax refunds, leaving potential savings on the table.
• Inflexible Payment and Credit Solutions:
Global organizations require versatile payment methods and credit solutions that provide better control and flexibility for travel expenses.
• Complex Compliance Requirements:
Meeting diverse government travel regulations across multiple regions creates a compliance challenge for global organizations.
• Policy Rigidity Hurts Savings:
Outdated and rigid corporate travel policies prevent organizations from maximizing savings and adapting to new opportunities.
• No Online Group Booking Solutions:
Despite demand, travel technology companies have been unable to bring group booking capabilities fully online for decades.
• Lack of Integrated Logistics:
Existing booking tools don’t effectively incorporate logistics, creating blind spots in planning and execution.
• E-commerce Limitations for Travel Agents:
Travel agents struggle to sell a wide range of products and services to business travelers through existing online platforms.
• Sustainability Pressure is Growing:
Corporations face increasing pressure to adopt sustainable travel practices but lack the tools to do so efficiently.
• Brand Identity Gets Lost:
For many companies, maintaining brand recognition and prestige within travel arrangements is difficult.

Solution (product or service)

SKYJUNXION: THE WORLD’S FIRST SEAMLESS TRAVEL ECOSYSTEM
• GLOBAL VISIBILITY: Cross-border, multi travel agency, multi-entity travel procurement with consolidated spend views
Achieve total visibility across regions and agencies with one seamless platform.
• TAX OPTIMIZATION: Dynamic point-of-sale switching to minimize taxes and maximize VAT recovery
Optimize taxes across borders and maximize VAT recovery automatically.
• GOVERNMENT-GRADE SECURITY: In-country hosting, national security protocols, and supplier-neutral integrations
Ensure top-tier security and compliance with government-level protocols and neutral supplier connections.
• SMART APPROVALS: Multi-tier, insight-driven pre-booking approval for cost- effective decisions
Leverage data-driven approvals to keep travel decisions efficient and budget- friendly.
• ENTERPRISE FLEXIBILITY: Seamless ERP and project management links, customizable policies
Integrate seamlessly with your enterprise systems and customize travel policies to suit business needs.
• BRAND SHOWCASE: Extensive corporate branding options for unique identity Elevate your corporate identity with robust branding options.
• SPECIALIZED TRAVEL: Managing expat, marine, energy, and group travel within global regulations
Handle complex travel needs, from expatriates to specialized sectors, with precision and compliance.
• ECO-TRAVEL TOOLS: Carbon calculators, budget controls, and green supplier integrations
Make sustainable choices with tools designed for eco-conscious travel management.

Competitors

Spotnana, Concur, Neo

Advantages or differentiators

Competitive Advantage:
• Proprietary algorithms reducing travel costs by 15% minimum
• Seamless integration with ERP systems
• First-to-market with global dynamic point of sale switching
• Unique platform for large corporates, conglomerates, MNC’s, and government institutions
• Metasearch optimized for government and corporate travel

Finance

Revenue Streams
• Subscriptions: Corporates subscribe to select product bundles with value-added features, generating valuable recurring revenue.
• Transaction Fees & Commissions: For certain types of travel products and related services bookings made through our platform, we will collect fees to boost revenue.
• License Fees: Sovereign and Customized Solutions.
• Project Fees: We engage in specialized projects that require bespoke solutions, generating significant revenue through tailored project fees.

Business model

Travel Agency as Resellers, Direct to Corporate, Licensing with Government

Money will be spent on

Use of Funds:
• 40% - Sales and Marketing expansion
• 30% - Product development (mobile app, advanced AI features)
• 20% - Team expansion (key hires in engineering and customer success)
• 10% - Working capital

Offer for investor

Investment against equity with buyback guarantee option

Team or Management

Risks

B2B slow sales cycle which requires time to generate sufficient momentum

Photos

Photo 1 - Building The World's 1st Global Business Travel Market
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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
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Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
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