The startup offers a travel application that facilitates compensation for flight delays by allowing users to book tickets without upfront costs, charging only if the flight arrives under three hours late. This service ensures travelers receive instant financial reimbursement for disruptions, enhancing their overall flying experience.
Funding
$2.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Travelers often pay for flights in advance, but airlines can cancel or delay flights, leaving passengers with limited recourse and potential financial loss. This system places the risk on the passenger, who may not receive the service they paid for.
Solution
Colibra Travel DAO offers a "Fly Now, Pay if Okay" service, allowing users to book flights without upfront payment. Passengers only pay if their flight arrives less than three hours late. If the flight is canceled, passengers don't pay. For delays exceeding three hours, passengers fly for free. The platform also offers hotel booking with similar "Pay if Okay" conditions tied to flight disruptions, and optional cancellation policies for uncertain travel plans. Colibra aims to create a travel community where users only pay when the service meets expectations.
Target Audience
The primary target audience includes individual travelers seeking flexible booking options and reduced financial risk, as well as crypto enthusiasts interested in integrating digital assets with travel services.
Features
- "Fly Now, Pay if Okay" flight booking: Pay only if the flight is on time.
- No payment for flight cancellations.
- Free flights for delays of 3+ hours.
- Hotel bookings with "Pay if Okay" conditions linked to flight disruptions.
- Optional cancellation policies for uncertain travel plans.
- Colibra Travel Wallet: Store boarding passes and receive updates on flight delays and gate changes.
- Integration of crypto payments for flights and hotels.
- Staking mechanism to unlock discounts and frequent traveler perks.
- Travel-to-earn program where users earn Colibra tokens for travel.
- NFT flights: Community purchases bulk tickets for lower rates, converted into tradable NFTs.