“Can a travel distribution platform become the payments and settlement rail for global hospitality commerce?”
HotelRunner began as a channel manager and B2B distribution platform connecting properties, travel agencies, and OTAs. After raising a Wix Capital–led Series A in 2023, the company moved beyond distribution SaaS to launch Ruby in late 2025 — a travel-native embedded finance layer that unifies bookings, multi-currency payments, settlement, and compliance. The strategic shift positions HotelRunner as both a distribution platform and a payments/settlement network for global travel commerce.
HotelRunner discloses Ruby by HotelRunner (in-house) as its banking provider, according to the Embedded Finance Index 2026.
HotelRunner does not disclose a bank charter of its own; its banking services are provided through Ruby by HotelRunner (in-house).
HotelRunner processes payments through Ruby (self-operated), Iyzico, Stripe, PayTR and Paratika.
HotelRunner uses Ruby by HotelRunner (in-house) for FX and cross-border payouts.
HotelRunner integrates with Billing & Accounting integrations (category listed in HotelRunner Integrations directory).
The Embedded Finance Index 2026 maps 4 layers in HotelRunner's stack: Payments / PSP (Ruby (self-operated), Iyzico, Stripe, PayTR and 1 other); Banking / BaaS (Ruby by HotelRunner (in-house)); FX & payouts (Ruby by HotelRunner (in-house)); Accounting (Billing & Accounting integrations (category listed in HotelRunner Integrations directory)).
HotelRunner is founded in 2012 and headquartered in Wilmington, Delaware, United States.
HotelRunner has raised undisclosed in total (latest round: Series A, January 2023).
Get a read on where your own stack stands against HotelRunner and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.