Towards the end of 2012, Secret Escapes, the luxury holidays and
hotels flash-sales website, secured £8 million in new
funding to boost its presence in the UK market and support its
expansion plans in the US, Germany and Nordic regions. Index
Ventures led the funding round with participation from existing
investors Octopus Ventures and Atlas Venture.
The funding follows a successful year for the two-year-old
company, which saw it achieve a 1,400 percent increase in revenue
in the year to August 2012 and a compound monthly increase of 24
percent in revenue since January 2012.
In order to further strengthen its position around the world and
grow its revenue streams in global markets, Secret Escapes has
confirmed it is adding international and alternative payment
options to its website. Partnering with payment processing firm
WorldPay, Secret Escapes will open its virtual doors to more than
200 alternative payment types globally, and will become connected
to more than 50 local currency clearing systems in order to make
travel booking as simple as possible for international
consumers.
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