FXTrip

About FXTrip

FXTrip is a China-based online travel operator specializing in overseas holiday packages for the nation's young travelers. Founded in 2013 by Wang Zhenhua, who serves as the company's Chief Executive Officer, FXTrip has established itself in the competitive B2C travel market. The firm's core business revolves around providing comprehensive travel services that are personalized and customized for individuals seeking to explore destinations abroad.

The company's platform facilitates the booking of overseas travel packages, which encompass services like air travel and hotel accommodations. Its business model is centered on curating and selling these travel experiences directly to consumers online, targeting a demographic of younger travelers interested in locations such as Paris, Switzerland, Japan, and various destinations in Southeast Asia like Singapore and Bangkok.

FXTrip demonstrated significant early-stage growth, reporting that its revenue reached 100 million yuan in 2015, a tenfold increase over the prior year. This period of rapid expansion was supported by substantial venture capital investment. The company successfully raised funds through two key rounds, starting with a Series A round on July 15, 2014, from Shunwei Capital. This was followed by a more significant Series B funding round on January 4, 2016, where it secured $10 million, a round led by ZWC Ventures and joined by Shunwei Capital. This capital injection brought the total funds raised to $10 million, positioning FXTrip as a Series B stage company.