WSGF – Vaycaychella Highlights Its Travel Industry FinTech Strategy After Investment Market Bellwether JP Morgan Bets On Post Pandemic Travel Boom
2020 World Series of Golf, pointed to JP Morgan’s acquisition of a “major credit card rewards business in a bet that travel will rebound next year.” Vaycaychella views JP Morgan’s acquisition as a positive indicator on Vaycaychella’s overall prospects for its strategy to deliver a suite of fintech solutions to a specific underserved segment within the travel industry.
Vaycaychella has built a P2P technology solution designed to connect short-term rental property buyers with alternative investors. The P2P app is part of a fintech ecosystem solution suite for short-term rental property owners that includes a Visa Card solution and plans for a cryptocurrency component.
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Over the past three years Vaycaychella has built a portfolio of short-term vacation property investments that would not qualify for conventional mortgages. Now the company is scaling its business model with the introduction of its P2P technology.
The recent Airbnb IPO has brought attention to the burgeoning short-term rental property sector of the overall travel accommodations sector. At the same time, it has highlighted the limited availability of resources available to short-term rental property owners and operators marketing through Airbnb and its peers such as VRBO and Booking.com.
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The company plans to beta launch its Vaycaychella P2P app to beta users in February 2021 with a production launch anticipated in June. The company is targeting $100 million in revenue in the first twelve months following the production launch.
More details regarding the Vaycaychella P2P app were provided in a presentation published earlier last week to include feedback on recent internal testing and new software updates anticipated before the release to beta users.
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