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Visa processing startup Atlys acquires UK-based Artionis

EntrackrEntrackr · 11m ago
Visa processing startup Atlys acquires UK-based Artionis
Medial

Snippets Visa processing startup Atlys acquires UK-based Artionis Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. Shashank Pathak 19 Feb 2025 10:20 IST Follow Us Visa processing platform Atlys has acquired the UK subsidiary of visa service company Artionis in an all-cash deal to expand overseas. With this acquisition, Artionis UK, which handles UK-to-Russia visas, will help improve Atlys’ European technology. According to Atlys, the deal will allow it to reduce visa paperwork and offer timely services to travelers in the UK, followed by plans to expand in similar European markets, including Germany and France. Artionis is an outsourcing partner for governments, operating in 25 countries with 400 employees in 65 offices. Atlys has acquired its UK branch, which has offices in London, Edinburgh, and Manchester. The four-year-old Atlys aims to make visa-related processes easier. Its tech, the company claims, can reduce visa rejection rates, and streamline processing times to as quick as 55 seconds. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa. Atlys has expanded its footprints in key global markets, including the US, UAE, and the UK. It has also bolstered its leadership across product, engineering, and marketing departments. Earlier in September 2024, Atlys had raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital.

Visa processing startup Atlys raises $20 Mn led by Peak XV and Elevation

EntrackrEntrackr · 1y ago
Visa processing startup Atlys raises $20 Mn led by Peak XV and Elevation
Medial

Visa processing platform Atlys has raised $20 million in its Series B funding round, co-led by Peak XV Partners and Elevation Capital. The round saw participation from existing investors, alongside new investors such as DST Global and Headline. The fresh capital will fuel Atlys’ expansion plans as well as enhance product and engineering capabilities, enter new markets, and scale operations globally, the company said in a press release. In May, Entrackr exclusively reported about the upcoming funding at Atlys. Previously, it raised $12 million in a Series A round in September 2023 and $4.25 million in seed funding in October 2021. The three-year-old startup aims to make visa-related processes easier. Its tech, the company claims, can reduce visa rejection rates, and streamline processing times to as quick as 55 seconds. The platform covers more than 150 destinations and with an average time of just over 4-10 minutes spent to apply for a visa. Atlys has expanded its footprints in key global markets, including the US, UAE, and the UK. It has also bolstered its leadership across product, engineering, and marketing departments. As per sources, Atlys facilitates around 30,000 visa applications per month and India contributes more than 60% (20,000) visa applications. While Atlys did not disclose its revenue and other metrics, it claims to have grown 20x over the past year. Atlys’ competitor Visa2Fly raised $414K in its pre-seed round in July 2022 whereas StampThePassport raised $500K in September last year. As per a report by UNWTO, India saw 30 million travellers venturing abroad in 2023, marking a 20% year-on-year increase. The report added that a significant portion of this growth came from tier II and tier III cities, which contributed to 43% of the country’s outbound travel.

Unicorn India Ventures backs B2B Visa platform StampMyVisa

EntrackrEntrackr · 1y ago
Unicorn India Ventures backs B2B Visa platform StampMyVisa
Medial

Business-to-business (B2B) visa platform, StampMyVisa, has secured Rs 6.6 crore in a pre-Series A funding round led by Unicorn India Ventures. The fresh funds will be used to support rapid expansion, enhance AI capabilities, and enable the company to introduce innovative services that redefine how businesses manage international travel and visa processes for Indians traveling abroad, according to a press release from StampMyVisa. Launched by Rahul Borude and Pravin Wadekar, StampMyVisa is an AI-powered platform that simplifies the complex visa application process for businesses. Specializing in B2B travel, the platform assists corporates, travel agents, MICE companies, and OTAs in streamlining and automating visa processing, ensuring faster approvals, reduced errors, and enhanced global compliance. With its scalable and user-friendly technology, StampMyVisa aims to transform how businesses manage international travel documentation, empowering them to scale globally with ease. According to market research, the global e-Visa market is projected to grow at a CAGR of 11.1%, from $1,030.5 million in 2024 to $2,395.2 million by 2032. StampMyVisa claims to have grown more than sevenfold, handling hundreds of visas daily while ensuring complete compliance with global regulations over the last 12 months. The company also plans to introduce new offerings that will enhance the customer experience, positioning it as a one-stop solution for all international travel needs, from visa processing to travel insurance and eSIMs. StampMyVisa aims to reach one million visas processed annually within the next 12–18 months. Unicorn India Ventures has previously backed companies such as SmartCoin, Open Bank, Sequretek, and Pharmarack. Its current Rs 1,000 crore Fund III aims to support the next generation of innovative digital platforms.

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