Future of Travel Tech company PSNGR1 in Doubt

The future of US-based travel booking platform PSNGR1 is in doubt after travel management company partners last week were told current activity must be paused amid a funding shortfall.

In the UK, the company had signed a partnership with TakeTwo Travel Solutions last November, and more recently, deals with Gray Dawes Group, Blue Cube Travel and the Focus Travel Partnership.

Three of the organizations confirmed the company had communicated the situation with them. PSNGR1 CEO Chris Moss was approached for comment but no response had been provided at the time of publication.

Gray Dawes chief commercial officer Warren Dix said, “They contacted us last week to say they have not secured the funding they needed to continue. It’s a great product and hopefully they’ll secure the investment they need. ” He added, “It came as quite a surprise but we’ve not invested any time or resources in implementing it with any customers so we haven’t lost anything there.”

Focus CEO Abby Penston said, “We’re saddened to hear the news around PSGNR1. We very recently signed an agreement with them but none of our TMC Partners were yet to take the product. ”

TakeTwo acknowledged PSNGR1 had been in touch but was awaiting a further update on the situation. Like others BTN Europe spoke with, the TMC has not onboarded any UK-based customers and will continue to work agnostically with other existing booking tool partners.

All organizations that BTN Europe contacted spoke highly of the technology, with one source speculating that the technology could be a compelling purchase for a global distribution system or TMC that does not have a proprietary booking platform.

PSNGR1 landed the People’s Choice award at the BTN Group’s annual Innovate event last October.

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