Brazil-based travel tech company Onfly has raised $40 million in Series B funding to expand its corporate travel and expense management platform across Latin America.
The funding round was led by Tidemark, with participation from Endeavor Catalyst and Left Lane Capital.
Onfly plans to use the funding to accelerate technology development, focus on AI integration, expand marketing and sales efforts, and support international growth.
The company aims to onboard 2,500 clients in Mexico as part of its expansion into Latin America's second-largest corporate travel market.