[Funding alert] Barcelona-based Exoticca Raises €4 Million loan from BBVA Spark

By eliminating the middleman and providing a fully online offer with real-time availability, it speeds up and simplifies the purchasing process for the final consumer and lowers the cost of expensive travel.

Verónica Ruiz, Head of BBVA Spark in Spain said, "We believe Exoticca has a differential digital offer in the big-ticket category. The management team has successfully led its growth and we are confident in its management for this next stage. We are thrilled to finance Exoticca and support its expansion in Latin America,".

Pere Vallés, CEO of Exoticca, said: "We are very grateful to BBVA Spark for its support, which will help us to fund our expansion in Latin America. We recently opened in the Mexico and Colombia markets with very good results. Our goal is to launch five more markets in the region by 2024."

The company's development into Latin America will be made easier by this credit arrangement. The finance is provided by the European Union and the European Investment Fund through the InvestEU Fund programme.

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About Exoticca

Exoticca is an online tour operator that is rapidly expanding and causing a stir in the Travel Tech industry. Established in Barcelona in 2013, the firm today employs more than 400 enthusiastic travel professionals with the mission of enabling as many people as possible to experience exotic travel.

Through the creation of innovative technology solutions and direct partnerships with reliable local operators, Exoticca is able to provide exceptional travel packages at pricing never seen before. By removing middlemen from the production process, we can make sure that local communities benefit from our collaborations.