Hopper will develop a travel portal with Brazil’s fintech giant Nubank following a partnership between the companies.
The news is the latest in a string of recent deals for Hopper, including a similar partnership with Australia’s CommBank announced in late May.
The Nubank travel portal will sit within its shopping platform, which acts as the company’s marketplace for consumers to access financial planning services.
The travel service is expected to launch next year and will offer a full range of “travel booking options” for mobile users. Hopper’s price prediction and protection products will also feature.
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Dakota Smith, president and co-founder of Hopper, said: “This is a great partnership for Hopper Cloud, as we’ll have the opportunity to combine Hopper’s global travel and e-commerce expertise with Nubank’s innovative approach to digital financial services."
He added that Hopper Cloud now constitutes more than 50% of the company's business.
Nubank is the latest company looking to gain a foothold in travel. On Tuesday Expedia Group announced it had signed Walmart as its latest B2B customer.
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Expedia Group is behind the new WalmartPlusTravel.com, accessible only to members of the retailer’s subscription service, Walmart+.
Both Hopper and Expedia have additional partnerships with financial organizations with Hopper behind the Capital One Travel portal unveiled in September 2021. Capital One is also an investor in Hopper. And in May Expedia Group landed a partnership with Mastercard. The deal sees branded credit cardholders redeem loyalty points for travel bookings.
Meanwhile, Hopper said its growing B2B business is one reason Expedia Group sees it as a "competitive threat" and pulled its hotel and vacation rental supply from Hopper earlier this month.
And other financial firms are building their own travel product, such as JPMorganChase which has made its travel ambitions known with the launch of chasetravel.com last year. The bank is eyeing travel sales volume of $15 billion in 2025.
Phocuswright’s recent No Travel Experience Necessary: More Outsiders Enter the OTA Market focuses on the trend of non-travel companies looking to stake a claim in the industry. It asks whether success is possible given how saturated the travel market already is.