eviivo
“Can a hospitality PMS become the operating system for 28,000+ independent accommodations by aggregating (not replacing) payment and distribution providers?”
Founded2003
HQLondon, UK
FoundersMichele Fitzpatrick, Eric White
Latest roundAcquired by Investcorp
IndustryVertical SaaS / Hospitality
The story
Founded in 2003 as Frontdesk, a UK travel booking platform sold to tourist boards. Rebranded in 2011 and relaunched in 2013 as eviivo Suite, an all-in-one cloud PMS for independent accommodations. Expanded internationally through acquisitions of Xotelia (2017) and Rezo/Weber (2019), and was acquired by PE firm Investcorp. Rather than build its own payment rails like competitor Mews (which secured an EMI license), eviivo's strategy is aggregator-of-processors: 50+ card processor integrations, keeping merchants un-locked from any single PSP.
Last 12 months
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Product timeline
2003
Founded as One Stop Tourism Limited / Frontdesk, one of the UK's first travel booking platforms sold to tourist boards· pivot
2011
Rebranded as eviivo with cloud-based platform· pivot
2013
Launched eviivo Suite all-in-one booking management platform· banking
2017
Acquired Xotelia to expand in Europe· acquisition
2019
Acquired Rezo/Weber to expand into USA· acquisition
2020
Acquired by Investcorp· acquisition
Acquisitions
The stack
2 layers disclosed in eviivo’s embedded-finance stack
Payments / PSP
Accounting
in the full report
Accounting gap: minor
3 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.