Onfly, a leading corporate travel and expense management platform, has raised fresh capital in a funding round led by Tidemark, with additional participation from Endeavor Catalyst and Left Lane Capital. As part of this strategic round, Drew Patterson will join Onfly’s board, bringing deep industry expertise to support the company’s next phase of growth.
With this funding, Onfly plans to fast-track its AI-driven technology development, strengthen marketing and sales initiatives, and scale operations internationally—particularly targeting Latin America.
Founded in 2018 by Marcelo Linhares, Onfly is redefining the corporate travel experience for over 2,000 businesses, including major brands like Vivara, PicPay, Hotmart, and Vtex. The platform offers an all-in-one solution, allowing companies to seamlessly manage bookings for flights, hotels, buses, and rental cars, alongside a fully integrated travel and expense management system.
In 2022, Onfly launched its corporate card, now used by 65% of its clients, which has processed over $35 million in Total Payment Volume (TPV) in just two years. The company has reported a 110% compound annual growth rate (CAGR) over the last four years and is on track to reach $250 million in Gross Merchandise Volume (GMV) by 2025.
A significant part of Onfly’s growth strategy includes expanding into Mexico, the second-largest corporate travel market in Latin America. The company aims to onboard 2,500 new clients in the region by 2027, leveraging its digital-first approach in an industry still dominated by traditional systems.
Onfly’s mission to digitize and simplify corporate travel is now backed by a powerful combination of investor confidence, strong leadership, and AI-powered innovation—positioning it as a key player in the evolving travel tech space.