SoftBank Corp. announced it led a $19.5 million Series B investment round into Splyt Group, an integrator of mobility apps and travel platforms headquartered in London.
SoftBank will receive a significant share in the company. Other investors in the round included American Express Ventures, the strategic investment group of American Express.
Splyt makes global travel easier by enabling the integration of mobility services into travel platforms, superapps and wallets. By interconnecting apps, end users can access multiple services on a single app, which increases convenience for the user and loyalty to the app provider.
Splyt has an extensive track record of such interconnections, having already integrated ridehailing into major platforms including Alipay, Grab, and Booking.com.
Splyt aims to expand its leading global network with additional mobility services, including bikesharing and scooters, said Philipp Mintchin, co-founder and CEO of Splyt.