Colibra

Colibra is a startup that offers a unique and customer-friendly solution for flight delays and cancellations. With the slogan "Colibra app pays for flight delays/cancellations, redistributes claims to customers without taking payment, compensated within 24 hours," the company aims to revolutionize the way airline passengers are compensated for flight disruptions. Founded in 2019 and headquartered in Bulgaria, Colibra operates in the travel and insurance industries. The company's approach is innovative as it provides a free mobile app that directly pays customers when their flight is delayed or cancelled by an hour or more. Instead of pursuing payment from customers, Colibra takes on the risk and shares potentially eligible claims with all customers who have experienced a flight delay or cancellation. This model not only ensures quick and hassle-free compensation but also promotes a collective benefit for its users. Colibra's initiative has garnered investor interest, with the company securing a €2.00M Seed Round investment on 09 February 2019. The investment came from notable firms, including Eleven Ventures and Asterion Capital LLC, reflecting confidence in the startup's disruptive approach to addressing a common pain point for travelers. Overall, Colibra's combination of innovative technology, customer-centric approach, and successful funding rounds positions the company as an intriguing player in the travel and insurance sectors, with the potential to make a significant impact on the airline industry's compensation practices.