Infrastructure as a Service (IaaS) Tech Firm Trip Affiliates Network Secures S$4.5m in Series A to Accelerate Growth and Adoption of Its Direct Booking and Online Travel Services by Hospitality Partners and Business Channels Across Asia

28th May 2023

TA Network is a leading cloud-based technology solutions provider in the travel and hospitality sector. Its high-performance distribution & turnkey solutions, facilitated by robust connectivity and digital payment services, bring together Asia Pacific hotels, travel wholesalers, operators and destination management companies in a single open travel ecosystem.

Specializing in mission-critical enterprise software systems, TA Network has raised over S$12m since its inception with this successful Series A round, TA Network plans to use the funds to further scale its business across Asia and expand in other regions where the company is receiving strong demand for its services, such as the Greater China region and Asia Pacific.

Josef Foo, Co-Founder/COO adds, “Since inception, TA Network has established itself as a technological innovator, having developed proprietary know-how through full vertical integration, owning system development and testing operations entirely in-house. By providing maximum reliability, cost-efficiency, and agile solutions, we believe our high degree of automation allows for future scalability to serve increasing market demand.”

“Our mission remains steadfast in the creation of an open travel ecosystem thriving on shared cloud-based digital infrastructure services where travel and hospitality operators are able to transact directly online with one another, and empowered digitally with continuous improvements in process automation, business intelligence, and customer delivery to achieve sustainable growth,” adds Ho Siang Twang, Co-Founder/CEO.

The funding round will be used to accelerate the growth and adoption of TA Network platform services in Asia which is also timely amidst the rising need for digitalization especially considering that both inbound and outbound travel plans continue to gain speed in the Asian market.” TA Network intends to deploy the investment to broaden its footprint through hiring resources and on-ground marketing activities, as well as deepen its product offering to support its growth and geographic expansion.

“TA Network is solving real-world problems for the hospitality industry with proprietary technology that has been validated by the caliber of their client portfolio. I’m impressed by the vision and execution of the management team as TA Network continues to capitalize on these trends to bring more players into its hospitality ecosystem. I remain excited for their next phase of growth and wish them the best as they continue to scale and build on their success.” said Sean Chong - Series A anchor investor which comprises ultra-high-net-worth individuals and family offices.

About Trip Affiliates Network

Headquartered in Singapore, with offices in Indonesia, Vietnam and Thailand, Trip Affiliates Network (TA Network) provides FIT/group inbound and outbound turnkey solutions and add-on direct supplier connectivity services for travel agents, wholesalers and hotels. High-performance platforms include integrated booking systems for flights, hotels, activities and transfers plus dynamic packages and digital payment solutions.

TA Network's direct booking service is designed as a simple plugin to existing hotel systems which empowers hotels to increase their direct online bookings with their business channels, of which about 50% currently still lack real-time interaction. These channels typically transact offline or purchase online through global OTAs which increases hotels’ distribution cost and also limits their partnership with hotels.

In addition, TA Network provides an IaaS suite of digital services for agents and wholesalers which broadens participation of the ecosystem. Through API services to supplement their existing platform functions or a turnkey enterprise solution, we empower the DMCs & ITOs to transform their global supplier connectivity and travel operations, thereby enabling their travel consultants to be the “Go-to” travel concierge by providing efficient and timely bespoke travel services.