Airfordable
Airfordable, based in Chicago and offering remote services, provides innovative payment plans for airline tickets within the fintech industry, specifically in credit and lending.
Company Overview
Airfordable is a fintech company specializing in credit and lending solutions, particularly in the travel industry. Established in April 2016 and based in Chicago, IL, USA, the company operates with a small but dynamic team of 7 individuals. It is geared towards helping customers manage travel expenses by offering a unique service that allows them to pay for airline tickets in installments. Airfordable was part of Y Combinator's S16 batch, which gave it a strong foundation to grow and expand its innovative financial services.
Services
Airfordable provides payment plans for airline tickets. The service allows users to secure their tickets with an initial deposit and pay the remaining balance in recurring payments before their departure date. This payment plan facilitates easier budgeting for travel expenses, making air travel more accessible for people who might otherwise find it financially challenging. The company serves customers in the United States as well as the broader America/Canada region.
Industry and Sub-Industry
Airfordable operates within the fintech industry, with a specific focus on the credit and lending sub-industry. The company's primary service is to offer financial solutions that ease the burden of upfront travel costs by breaking down payments into manageable installments. This aligns well with the broader fintech goal of disrupting traditional financial systems to provide more accessible and user-friendly financial services.
Locations and Remote Services
Airfordable is headquartered in Chicago, IL, USA, but it offers fully remote services, making it accessible to customers from various locations. The company serves regions including the United States of America and Canada, providing flexibility in how customers interact with their services. The emphasis on remote operations allows Airfordable to reach a wider audience and offer its financial solutions without the constraints of physical location.
Growth and Development
Since its launch in April 2016, Airfordable has been in the growth stage, expanding its reach and enhancing its service offerings. Being part of Y Combinator's S16 batch provided a significant boost to its developmental trajectory, enabling the company to refine its business model and scale its operations effectively. The focus on payment plans for airline tickets fills a niche in the travel and finance markets, promoting continued growth and customer acquisition.