Read the pitch deck that business travel startup Lola used to secure $37 million in funding
Lola.com CEO Mike Volpe thinks business travel on the whole is just horrible – but he saw that as a big business opportunity.
Lola focuses on making it easier for medium-sized companies to manage corporate travel arrangements. Companies use the service to authorize employees to make travel-related purchases and set their own policies for those purchases. Employees then use the custom Lola experience to book work-related trips.
The Boston-based company is competing in an increasingly crowded space, but Volpe thinks Lola has another edge over rivals: its deal with American Express Global Business Travel, one of the largest players in the corporate travel market. American Express is using Lola to target medium-sized companies; its sales team markets Lola to those kinds of customers. And through that relationship, Lola gets access to special deals on airfare and hotels that are only available to American Express that it can offer its customers.See the rest of the story at Business Insider
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