TrustaBit

company

About

Flight disruption management solution to automate the notification and compensation process in the airline industry.

Details

Last Funding Type
Equity Crowdfunding
Last Funding Money Raised
$16.58K
Industries
Blockchain,Travel
Founded date
Jun 1, 2017
Number Of Employee
1 - 10
Operating Status
Active

TrustaBit uses blockchain technology to automatically issue vouchers to passengers quickly, easily and securely when their flights have been delayed.

There are three great reasons why an airline company would want to use our services!

The first, cost reduction. Our system will minimize the number of calls related to issuing and redeeming flight vouchers. This will greatly reduce the call center running costs associated with the claim filing process.

The second, compliance. In the European union they have established regulation which states that passengers must be compensated for flight delays over 2 hours and greater than X amount of miles.

The third reason customer loyalty. Airlines could target those high value passengers who choose an airline based on reputation and experience rather than cost or schedule. We know that this will increase brand loyalty.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$66.58K
TrustaBit has raised a total of $66.58K in funding over 2 rounds. Their latest funding was raised on Jan 24, 2019 from a Seed round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jan 24, 2019 Seed $50K 1 EXPERT DOJO Detail
Oct 24, 2018 Equity Crowdfunding $16.58K 1 Detail
Apr 1, 2018 Seed Detail

Investors

Number of Lead Investors
Number of Investors
1
2
TrustaBit is funded by 2 investors. EXPERT DOJO and StartEngine are the most recent investors.
Investor Name Lead Investor Funding Round
EXPERT DOJO Yes Seed
StartEngine Equity Crowdfunding

Employee Profiles

Number of Employee Profiles
2
TrustaBit has 2 current employee profiles, including Executive Saritta Hines
Executive
Executive