SmartRyde, the Japanese start-up behind a global airport transfer marketplace under the same name, has published a new product, Developer Portal for API, with the aim to streamline vehicle allocation systems and methods of inventory management.
The Developer Portal for API enables online travel agencies (OTAs) and airline companies to access the airport transfer network and offer their customers airport transfer services when taking hotel reservations and flight bookings, thus helping to increase their profits.
SmartRyde’s global distribution system (GDS) connects travel agencies and other travel-related service providers such as airlines, hotels and car rental agencies around the world, which allows their customers to make real-time reservations and enables real-time ticket issuance.
In addition, SmartRyde has raised approximately 450 million yen (US$3.3 million) through the third-party allocation of shares led by NVenture Capital as well as SMBC Venture Capital, Yamaguchi Capital, Hiroshima Venture Capital, Shigagin Regional Revitalization SD Fund, and Iyogin Capital – it also obtained the subordinated loan from Japan Finance Corporation.
With this funding, SmartRyde will invest further in expanding corporate functions and building strengths of business teams as well as in product development. It also intends to increase the number of inbound tourists to Japan by utilising the OTA network of the largest scale in the country, while supporting domestic taxi operators in the aspect of profitability and to provide them with new value including streamlining and cost reduction.