HotelRunner
“Can a travel distribution platform become the payments and settlement rail for global hospitality commerce?”
Founded2012
HQWilmington, Delaware, United States
Total raisedundisclosed
Latest roundSeries A, January 2023
IndustryVertical SaaS / Hospitality
The story
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.
Last 12 months
Product timeline
2012
HotelRunner founded as a unified sales and channel management platform for accommodations.· launch
2023
Raised Series A led by Wix Capital.· funding
2025
Launched Ruby, an embedded and autonomous finance infrastructure for travel covering settlement, payouts, and compliance.· pivot
The stack
4 layers disclosed in HotelRunner’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.