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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.

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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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