Onfly provides a platform that digitizes and streamlines corporate travel and expense management for more than 2,000 companies, offering a full inventory of digitized flights, hotels, buses and rental cars. Its integrated travel and expense management solution includes a corporate card launched in 2022 that is used by 65% of its customers. In two years the card has processed approximately $35 million in total payment volume, and the company reports a 110% CAGR over the last four years. Onfly projects reaching $250 million in gross merchandise volume (GMV) in 2025 and plans to onboard 2,500 clients in Mexico by 2027 as part of its Latin America expansion. The company is led by CEO Marcelo Linhares and was founded in 2018 in São Paulo. Founded in September 2018, Onfly offers a technology-driven platform that began by simplifying corporate booking and approval workflows and has expanded to automate expense reporting, advances, receipt scanning, reimbursements, and analytics. The product set also includes a prepaid corporate card that can eliminate advances and reimbursement requests. Onfly serves almost 1,000 customers ranging from small businesses to enterprise clients and has about 200 employees. The company plans to continue building technology to further digitize corporate travel in Brazil and across Latin America. It intends to use new capital to scale its sales, marketing, and technology teams, launch new products, and explore acquisitions. The platform targets end-to-end corporate travel and expense management for companies of varied sizes.

Total raised

$56M

Funding rounds

2

Latest round

Series B

Latest activity

Apr 2025