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Draft:ByteTravel

From Wikipedia, the free encyclopedia


ByteTravel is a Spanish travel technology company headquartered in Sant Cugat del Vallès.[1][2][3] The company provides travel-related services for tourists and business travelers worldwide.[4][5][6] Its main services include visa applications, mobile connectivity via eSIM, airport VIP lounge access, and travel insurance.[7][8] ByteTravel was publicly listed on the BME Growth market of Bolsas y Mercados Españoles in July 2026.[2][6][9][10]

History

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ByteTravel was originally created in January 2021 by Virginia Carmona and Javier Martín and under the name Esta Travel Services.[1][4] Later rebrand ByteTravel, the Spanish company saw investor Axel Serena acquired a majority stake in the business and became its CEO.[4][7][11] Between 2024 and 2025, ByteTravel bought a stake in the travel network Drimer.[12] It also added the insurance group Intermundial as a shareholder.[13][14]

After debuting on the BME Scaleup market in July 2024 at a €37.8 million valuation,[15][16][17] ByteTravel’s market value surged to €157.4 million by late 2025.[10] It moved up to the BME Growth market on July 3, 2026, as the second Spanish firm to transition between these segments.[2][6][9][10] Days earlier, Eiffel Investment Group invested €4.1 million for a 4.05% stake.[10][18][19] Following this restructuring, the main shareholders became BeGreat (68.70%), Oteban (5%), and Eiffel Investment Group, along with other board members.[10][20]

Also in 2026, ByteTravel ranked first in Spain and sixth in Europe in the Financial Times' FT1000 list of Europe's fastest-growing travel companies.[1] That same year, the company was admitted as an affiliate member of the UN Tourism agency.[7][8]

Operations

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ByteTravel has offices in Sant Cugat del Vallès where it has it operational headquarters, and in Madrid and Miami.[8][21] The company's customer base is mostly international, with its main markets being the United States, the United Kingdom, Australia, Switzerland, Germany, and Japan.[21][22] Its workforce grew from a single employee in 2021 to 83 by early 2026.[8][23]

ByteTravel provides digital travel services, serving both individual travelers (70% of demand) and corporate clients through partnerships with agencies, tour operators, and airlines.[12][24] In 2022, the company launched its first service, Visagov,[4] a e software as a service platform for electronic visa management covering over 70 countries by the end of 2025.[7][17][25] Other services launched later include Roamic (an international eSIM service that work in 190 countries),[5][21][26] VIP Lounges (with access to VIP airport lounges for travelers),[20][27] and Globely (travel insurance that covers trip cancellation and international medical assistance).[13][14]

In 2023, ByteTravel’s revenue reached €8.5 million with a €2.4 million net profit.[4] The next year, revenue rose to €11.19 million, net profit hit €2.54 million, and the company remained debt-free.[22][23] By late 2025, revenue increased 73% year-on-year to €19.4 million supporting 3.2 million users and 680,000 processed visas,[4][26] but the operating profit stood at €720,000 due to marketing, software, and international expansion expenses.[9][10][18]

References

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  1. ^ a b c "Bytetravel SA". Financial Times. Retrieved July 28, 2026.
  2. ^ a b c "ByteTravel Begins Trading on BME Growth Following Its Time on BME Scaleup" (Press release). BME. July 3, 2026. Retrieved July 28, 2026.
  3. ^ "Bytetravel SA". BME Growth. Retrieved July 28, 2026.
  4. ^ a b c d e f Farràs Pérez, Lorena (July 27, 2024). "Una startup al servicio de los viajeros" [A startup at the service of travelers]. La Vanguardia (in Spanish). Retrieved July 28, 2026.
  5. ^ a b Cotizalia (February 20, 2026). "ByteTravel refuerza su consejo al fichar a Gabriel Benguría tras superar los 19 M en ingresos" [ByteTravel strengthens its board by hiring Gabriel Benguría after exceeding 19 M in revenue]. El Confidencial (in Spanish). Retrieved July 28, 2026.
  6. ^ a b c "ByteTravel debuts on the SME stock exchange". Ara. July 3, 2026. Retrieved July 28, 2026.
  7. ^ a b c d Aznar, Beatriz (October 30, 2025). "ByteTravel, la startup que sigue su propio carril para revolucionar los servicios auxiliares para viajeros" [ByteTravel, the startup following its own path to revolutionize ancillary services for travelers]. El Español (in Spanish). Retrieved July 28, 2026.
  8. ^ a b c d Florio, Luis Federico (April 6, 2026). "ByteTravel: compañero de viaje ideal" [ByteTravel: ideal travel companion]. La Vanguardia (in Spanish). Retrieved July 28, 2026.
  9. ^ a b c "La catalana ByteTravel se incorporará a BME Growth el 3 de julio" [Catalan company ByteTravel to join BME Growth on July 3]. Forbes España (in Spanish). July 1, 2026. Retrieved July 28, 2026.
  10. ^ a b c d e f Sánchez Vilanova, Sergi (July 3, 2026). "Bytetravel aterriza en el BME Growth tras haber quintuplicado su valor en dos años" [Bytetravel lands on BME Growth after quintupling its value in two years]. El Economista (in Spanish). Retrieved July 28, 2026.
  11. ^ Castaño, Pablo (December 18, 2025). "Axel Serena, CEO de ByteTravel, empresa que abrirá un centro de I+D en las Cuencas: "En Asturias es más fácil encontrar perfiles técnicos que en Barcelona o Madrid"" [Axel Serena, CEO of ByteTravel, company that will open an R&D center in the Cuencas: "In Asturias it is easier to find technical profiles than in Barcelona or Madrid"]. La Nueva España (in Spanish). Retrieved July 28, 2026.
  12. ^ a b "Bytetravel adquiere una participación en Drimer" [Bytetravel acquires a stake in Drimer]. El Referente (in Spanish). December 25, 2024. Retrieved July 28, 2026.
  13. ^ a b Monzón, A. (November 6, 2025). "Intermundial entra en el capital de ByteTravel, que estudia ya su salto al BME Growth" [Intermundial enters the capital of ByteTravel, which is already studying its leap to BME Growth]. El Confidencial (in Spanish). Retrieved July 28, 2026.
  14. ^ a b "Intermundial se alía con ByteTravel para impulsar su estrategia global e integrar conectividad digital y seguros de viaje" [Intermundial partners with ByteTravel to boost its global strategy and integrate digital connectivity and travel insurance]. Gaceta del Turismo (in Spanish). November 7, 2025. Retrieved July 28, 2026.
  15. ^ "BME Scaleup welcomes ByteTravel" (Press release). BME. July 18, 2024. Retrieved July 28, 2026.
  16. ^ "Bytetravel se dispara un 25% en su estreno en el BME Scaleup y eleva capitalización a 47 millones" [Bytetravel soars 25% in its debut on BME Scaleup and raises capitalization to 47 million]. Forbes España (in Spanish). July 18, 2024. Retrieved July 28, 2026.
  17. ^ a b Orihuel, José (July 15, 2024). "Bytetravel sale al BME Scaleup con una valoración de 38 millones" [Bytetravel launches on BME Scaleup with a valuation of 38 million]. Expansión (in Spanish). Retrieved July 28, 2026.
  18. ^ a b Sánchez Vilanova, Sergi (June 30, 2026). "El fondo francés Eiffel Investment Group entra en el capital de Bytetravel para reforzar su salida al BME Growth" [The French fund Eiffel Investment Group enters the capital of Bytetravel to strengthen its listing on BME Growth]. El Economista (in Spanish). Retrieved July 28, 2026.
  19. ^ Orihuel, José (June 30, 2026). "ByteTravel da entrada al fondo Eiffel y salta al BME Growth" [ByteTravel welcomes the Eiffel fund and leaps to BME Growth]. Expansión (in Spanish). Retrieved July 28, 2026.
  20. ^ a b Orihuel, José (July 3, 2026). "ByteTravel prepara un servicio de reclamaciones a aerolíneas" [ByteTravel prepares an airline claims service]. Expansión (in Spanish). Retrieved July 28, 2026.
  21. ^ a b c Martos Villar, Antonio (May 10, 2025). "Bytetravel abrirá oficinas en Londres y Hong Kong tras un año en bolsa y 200 millones de valor" [Bytetravel to open offices in London and Hong Kong after a year on the stock market and 200 million in value]. El Economista (in Spanish). Retrieved July 28, 2026.
  22. ^ a b Orihuel, José (May 6, 2025). "Bytetravel sube ventas y beneficios en su primer año como cotizada" [Bytetravel increases sales and profits in its first year as a listed company]. Expansión (in Spanish). Retrieved July 28, 2026.
  23. ^ a b "FT1000: Europe's Fastest-Growing Companies 2026 ranking". Financial Times. March 3, 2026. Retrieved July 28, 2026.
  24. ^ Sánchez Vilanova, Sergi (March 12, 2026). "Bytetravel entrará en el BME Growth y saltará al Euronext París este año" [Bytetravel will enter BME Growth and jump to Euronext Paris this year]. El Economista (in Spanish). Retrieved July 28, 2026.
  25. ^ "Bytetravel se incorpora a BME Scaleup registrando fuertes subidas" [Bytetravel joins BME Scaleup recording strong gains]. Bolsamanía (in Spanish). July 18, 2024. Retrieved July 28, 2026.
  26. ^ a b Sánchez Vilanova, Sergi (February 20, 2026). "Bytetravel crece un 73% e ingresa más de 19 millones" [Bytetravel grows by 73% and earns more than 19 million]. El Economista (in Spanish). Retrieved July 28, 2026.
  27. ^ "La gestora de activos francesa Eiffel invierte 4.1 millones € en Bytetravel para respaldar su crecimiento" [The French asset manager Eiffel invests €4.1 million in Bytetravel to support its growth]. Gaceta del Turismo (in Spanish). July 7, 2026. Retrieved July 28, 2026.
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