Visa processing platform Atlys has secured $20 million in a Series B funding round co-led by Peak XV Partners and Elevation Capital to leverage predictive engine and advanced security measures to support global expansion, ensuring travelers can confidently navigate their journey with a streamlined process that covers every aspect of their travel needs.
The round saw strong participation from existing and new investors, including DST Global and Headline. With this fresh capital, Atlys plans to further disrupt the visa processing industry by scaling operations, expanding into new markets, and enhancing its product offerings.
Having already established a presence in key markets like the United States, United Arab Emirates, and the United Kingdom, Atlys aims to use the new funding to strengthen its global footprint. The company intends to scale its operations to meet growing demand. It plans to enter additional markets and expand its services to a broader audience.
In the highly competitive visa processing sector, Atlys has differentiated itself by offering a user-friendly, technology-driven platform that provides speed and certainty in visa approvals.
Technology-Driven Visa Processing by Atlys
Atlys leverages advanced technology to simplify and streamline the visa application process. One of the platform’s standout features is its predictive engine, which analyzes millions of data points to provide users with an estimated timeline for visa approval.
Additionally, the platform uses a rejection engine that assesses the likelihood of visa approval before the application is submitted. Suppose a user’s chances of approval are low. In that case, the system provides recommendations for improving their application, helping to reduce rejection rates.
By offering such sophisticated tools, Atlys enables users to navigate the often-complex visa process quickly and confidently. The platform covers over 150 global destinations, processing visa applications in as little as 55 seconds, with an average application time of 4-10 minutes.
Data security is Atlys’ top priority. The platform employs 256-bit AES encryption, ensuring user information is protected at the same level as banking data. This robust security system gives travelers peace of mind, knowing their personal and financial details are secure throughout the visa application process.
Growing Demand and Word-of-Mouth Success
Atlys has grown significantly quickly, with over 30,000 visa applications processed monthly. India accounts for 60 percent of these applications, demonstrating the platform’s popularity in key international markets. What sets Atlys apart from competitors is its high success rate — 99 percent of visas are approved within the estimated timeframe provided by the platform.
Mohak Nahta, Founder and CEO of Atlys, said, “The company’s growth trajectory is remarkable, with a 20x increase in users over the past year. Atlys is a canonical example of building in India for the world,” Nahta stated, emphasizing the company’s aggressive push into international markets. The funds will also support launching new travel-related products such as Forex, insurance, and eSIMs to assist travelers throughout their journey.
The company’s growth has been primarily fueled by word-of-mouth referrals, with 70 percent of its user base coming from organic recommendations. This success is attributed to the platform’s superior product design, exceptional customer support, and ability to offer clear and accurate timelines for visa approval.
Atlys is well-positioned to capitalize on the growing trend of do-it-yourself travel planning. As more travelers seek seamless, self-service solutions for visa processing and other travel needs, Atlys aims to become the go-to platform in the space. The company’s latest funding will enable it to expand and enhance its product offerings, ensuring that it remains at the forefront of the visa processing industry.
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