Odynn, an AI-powered platform that enables banks and fintechs to launch personalized travel and loyalty programs, has raised $9.5 million in seed funding led by Bonfire Ventures and co-led by Fiat Ventures. The company positions itself as the “AI Shopify for loyalty and travel,” helping financial institutions deploy personalized, branded travel portals in a matter of weeks rather than years.
For decades, banks and fintechs have relied on legacy travel portals that are costly, slow to deploy, and limited by inflexible infrastructure. These systems often result in generic, cookie-cutter experiences while requiring significant upfront and ongoing investment.
Odynn aims to replace that model with a single-codebase architecture that includes native AI personalization capabilities. The platform enables financial institutions to create unique branded experiences through modular components while benefiting from continuous platform improvements at scale. According to the company, customers can reduce upfront investment by 95% with zero ongoing maintenance fees and launch in as little as two to eight weeks, compared to more than 18 months under traditional models.
The platform also offers built-in analytics and personalization tools, faster issue resolution, and the ability to rapidly iterate based on data insights. Early results reported by the company show a 108% increase in travel portal visits, a 2.24x increase in bookings, and a 364% increase in points redemptions compared to legacy providers. Odynn says most customers reach profitability within months, rather than years.
Odynn has formed partnerships with Wildfire, Plusgrade, and Duffel. Its customer base includes ANZ Bank, Flight Centre, Bilt Rewards, Curve, Loop, and Fasten Rewards. The company plans to use the new capital to accelerate go-to-market efforts, expand its engineering and data science teams, and deepen integrations with card networks and loyalty programs.
Founded by John Taylor Garner, Odynn describes itself as a fully modular AI platform that helps fintechs, banks, card issuers, and travel companies launch embedded travel, loyalty, and rewards programs through white-label solutions and APIs designed to drive engagement and unlock new revenue streams.
KEY QUOTES:
“Every executive knows their travel partner isn’t cutting it. The portals are slow, the customer service is subpar, and the customer experience is unsatisfying which leads to low engagement. We built Odynn to be the alternative we wished existed – one that finally allows financial institutions to deliver the personalized, transparent booking experience their customers expect.”
John Taylor Garner, Founder And CEO Of Odynn
“What struck us about Odynn wasn’t just the technology, it was seeing banks and large financial institutions using Odynn to unlock and drive significant revenue and value from their travel programs again. When you’re serving customers from fintechs to multi-billion-dollar banks like ANZ, and they’re all seeing these metrics, you know you’ve tapped into something that is an infrastructure need and what the market desperately wants.”
Mark Mullen, Co-Founder And Managing Partner Of Bonfire Ventures
“When financial institutions can deploy personalized travel experiences in weeks instead of years, everything changes. Odynn’s technology enables the kind of flexible, data-driven travel loyalty solutions that financial institutions have been asking for in the travel sector. They’re creating experiences that keep customers engaged with their financial institution as consumers seek more personalized and flexible ways to get value from their loyalty programs.”
Shawn Conahan, CRO Of Wildfire
