MagicStay, The Start-up of Short-Term Rental for Business, Affirms Its Ambitions at the Web Summit 2017
The French start-up MagicStay.com launched 3 years ago, now offers more than 130,000 apartments in 110 countries on its specialized platform for business travelers. As the only 100% B2B platform, MagicStay has developed many services adapted to the requirements of businesses, especially in terms of security and integration into their tools, which will be presented at the Web Summit in Lisbon from 6 to 9 November.
For three years now, the start-up has been developing an exclusive technology that makes it possible to provide a global supply of short-term rentals in immediate reservations. These professionally managed accommodations meet corporate requirements: security, legislation compliance, and integration into booking tools used by corporate companies.
"The Business Travel Market is very complex in terms of technology and actors, and is highly intermediated. MagicStay will enable corporate employees to finally have access to this type of alternative accommodation with the validation of purchasing and security services " explains Valery Linyer, CEO of MagicStay.com .
Indeed MagicStay interacts with partners and distributors of the business travel (travel agencies, open booking tools, and card payment solutions such as Amex or AirPlus). In order to meet the demands of large enterprises, the start-up has set up the exclusive Trustay® data protection and security policy (data storage in Europe, user authentication, etc.).
MagicStay has also developed its own Apartment Booking Tool Weezard®, available in SaaS mode, which allows for a travel policy, centralized payment management, workflow approval, and expense tracking.
The accommodation platform recently announced the signing of contracts with major French companies such as Société Générale and Havas Voyages. MagicStay has already raised 4 million Euros from private investors and is preparing a next fundraising. The start-up’s shareholders include Charles Petruccelli, former President of Global Travel Services, American Express company, Benoît Bassi, partner and founder of Bridgepoint, Michael Benabou, co-founder of Vente-Privée.com and Marc Frappier, Managing Partner of Eurazeo Capital.
MagicStay.com is the leading alternative accommodation website dedicated exclusively to business tourism. It provides more than 130,000 apartments, studios, villas, meeting the requirements of business travelers and managed by professional agencies. The site won the Laurier Business Travel in 2015 and the Innovation Award - Business Offer of the Echo touristique in 2017.
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