// startup autopsy

Flextrip

Corporate travel payments that never took off

marketfitAcqui-hire

Fatal mistake: Entered the enterprise travel payments niche without established sales channels or anchor customers to validate demand.

Founded	2010
Closed	2012
Country	USA
Sector	Fintech

50%

Key Events Timeline

2010-01

FOUNDING

Flextrip founded in the USA to build flexible corporate travel payment products.

2011-06

FUNDING

Raised $350K in seed funding to develop the platform and pursue early enterprise customers.

2011-12

PRODUCT LAUNCH

Launched core corporate travel payment product but struggled to close enterprise deals.

2012-06

SHUTDOWN

Acquired at a modest valuation after failing to achieve meaningful enterprise traction.

Full Analysis

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Documented cause

Flextrip raised $350K in seed funding to build flexible corporate travel payment solutions but failed to achieve meaningful enterprise traction. The startup operated in a crowded travel-fintech space where diff...

erentiation proved difficult. Despite initial capital, the company struggled to convert prospects into paying customers and establish a sustainable business model in the competitive corporate travel p

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€0.9M

Peak valuation

HypeCycle · MoatType · ResearchTags

Flextrip raised €0.35M before entered the enterprise travel payments niche without established sales channels or anchor customers to validate demand. ended it. See the documented cause, verified lesson and all failure signals.

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Key Events Timeline

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