Live beta · pre-seed · May 2026
upway

The agentic operating system
for travel.

One chat to plan, book, redeem, and manage your trips on your behalf.
200+
on waitlist
39
chat tools live
$2–3M
seed, USD
The Problem

Meet Maddie. 28. Premium credit card. 100K Bilt · 80K Chase points. No idea what to do with it.

CONFUSION 01
Which programme to transfer to?

Chase to Hyatt? Bilt to Aeroplan? Amex bonus 30% this month?

CONFUSION 02
Which route & availability?

Award seats are scarce, airlines hide their charts, dates shift hourly.

CONFUSION 03
Which cabin is worth it?

Same plane, different airline, totally different seat. No one tells her.

Most weeks she gives up and pays cash. There are millions of Maddies.
$400
Maddie's gift-card redemption
$1,800
What Upway books her instead
Same points. Same card. 5× the value.
The Product

One chat. Four verbs.

Plan. Book. Redeem. Manage. The Adviser is the canonical surface; Intelligence and Loyalty are read-strategies over the same 39 chat tools.

LIVE CONVERSATION

39 Tools, One Chat

Chat is the product. Every capability ships as a tool the agent reasons across , transfer paths, route intelligence, cabin quality, live availability, portfolio analysis. 162 routes, 210 components, 37 PG tables under the hood. The user sees one conversation.

Zero Hallucination

Every recommendation verified against live data. No claims without a source. Trust is the product.

Grounded on live airline data · cited per claim

Plain English

"Your Chase points" not "UR balance." "Lie-flat bed" not "J-class." Zero jargon, zero learning curve.

LIVE FEED

Proactive Alerts

Deals, devaluations, transfer bonuses , personalized to YOUR portfolio. The value finds you.

Devaluation Warnings

Know before programs change their charts. Transfer your points while they're still worth more.

Transfer Bonuses

Amex, Chase, and Citi run 30-40% transfer bonuses. We surface them instantly so you never miss one.

YOUR PORTFOLIO

Total Portfolio Value

See the real dollar value of every point across all your cards and programs. Updated in real-time.

Hidden Card Benefits

Trip delay insurance, purchase protection, lounge access , benefits you're paying for but not using.

Optimization Score

How well you're using your portfolio. Gamified progress toward unlocking your full potential.

72% optimized · $1,980 left to unlock
Why Now

An OS for travel just became buildable.

Three vectors converged in the last twelve months. Twelve months ago, this stack didn't exist. Twelve months from now, the default agent will be picked.

Unlock 01 · 2024–25

Agentic models hit production.

Sonnet 4.5 + Opus 4.6 cleared the trust threshold for multi-step tool calling. Booking-grade reliability on $4K transactions finally works. We route Haiku/Sonnet/Opus per query.

Unlock 02 · 2025

Duffel finished end-to-end NDC.

Search, book, hold, change, cancel, seats, bags. 300+ carriers including AA, Aeroplan, Lufthansa, through one API. Last year the rails were partial; today they're complete.

Unlock 03 · 2025

AwardWallet opened OAuth.

Free Account Access tier across 609 loyalty programs. Real-time balances + status without per-user scraping. Without this, every points agent was DOA on cost-of-data.

And beneath the unlocks: card issuers have $150B+ of unredeemed points sitting as ASC 606 liability. We're the consumer-facing fix and the obvious B2B white-label.
Try It

Plan. Book. Redeem. Manage.

Four verbs, one chat. The flow below is a single transaction: ask, route, score, book, no tab-switching, no expertise tax.

upway.travel/search
● LIVE
Scanning 0 airline programs...
SFO → NRT · Business Class
United Polaris · 777-200ER · Lie-flat business with direct aisle
$4,200 cash
40,000 pts
You save $2,340
Lie-flat bed
Suite door
Polaris lounge
5.85¢/pt
SFO → HND · Business Class
ANA · 777-300ER · "The Room" suite
$5,100 cash
55,000 pts
You save $3,560
The Room suite
Direct aisle
6.47¢/pt
Booked.
$0
saved vs. paying cash
Chase points → United MileagePlus0%
Market

Massive. Underserved.

TAM
$0
Global loyalty market
SAM
$0
US rewards holders
SOM (YR 3)
$0
Target ARR
YR 5
$0
With B2B licensing
0
Premium cardholders
0
Power users
Value multiplier
Distribution

Three zero-CAC channels. All compounding.

Premium travel cohorts (18–35, Bilt generation) are creator-led and AI-search-first. We own both surfaces while OTAs burn SEM on the old one.

Organic + viral loop

Real before/after redemptions on TikTok, YouTube, Instagram. Every video is a product demo. Flight-review creators (the new MrBeast lane) seed launch.

CAC subsidized by cash

Creator partnerships

Travel creators demo Upway with their real portfolios. Authentic, verifiable, shareable. Harry runs the program (8 yrs B2B partnerships).

Viral loop

AIEO content moat

stack.upway.travel — 15+ cabin pages live with Schema.org JSON-LD. When ChatGPT, Perplexity, Google AI Mode answer points questions, we become the cited source. OTAs can't compete here without cannibalizing SEM.

AIEO is the new SEO
The Moat

An OS, not a tool. Compounding daily.

Any competitor can clone the chat. The moat is the four layers underneath, each one taking years to build, every one of them deepening every day a user is on the platform.

The Tool Layer

Chat is the product. 39 tools the agent reasons across , portfolio, availability, transfers, cabin quality, route economics. Every dashboard is a render of the same tool layer. Competitors clone the chat; the tool layer takes years.

Three-Rail Data Stack

Duffel for cash + NDC (300+ carriers). AwardWallet OAuth for live balances (609 programs). Seats.aero for award space (30+ programs). Nobody else has all three. Layla and Mindtrip have none; Point.me only has Seats.aero.

Knowledge Graph

Airlines, aircraft, loyalty rules, transfer maps, cabin configs, card benefits, IRROPS recovery, secret phone numbers. Structured data LLMs can't learn from the open web.

Award Predictor

"Don't book now. 85% probability seats drop Tuesday." Predictive intelligence no one else can build , 6+ months of our own award-space data required.

Phase 3 · needs 6+ months data
Why they stay

Once they book, they stay.

Every interaction deepens the moat. The agent learns your portfolio, your destinations, your risk appetite. Switching cost climbs daily.

01 · Value engine

100K, not 1M.

Business class MEL→NRT: Upway finds the 100K-point door, not the 1M one. Real-time comparison across every program.

02 · Decision engine

Cash or points, every time.

Every search returns the cheaper currency — today. Not what an affiliate publisher earns commission on.

03 · Time intelligence

Off-peak suggestions.

“Fly Tuesday, save 30K points.” The agent recommends when to move, not just where.

04 · Trip auto-builds

From flight to full trip.

Book a flight, Upway creates the trip. The agent then suggests neighborhoods, restaurants, transit, accommodation , aware of your spend & balance.

05 · Stack optimizer

Card stack by destination.

“For Tokyo, run AmEx on groceries: 5x MR → SQ KrisFlyer transfer window opens Friday.” Cross-card, cross-program reasoning.

06 · Discovery loop

Every redemption is shareable.

“Maddie just booked LAX→TYO biz for 95K points.” Friends see it, ask how, sign up. The social proof IS the marketing.

Competition

They serve publishers. We serve people.

Every adjacent player owns one slice. We're the only one wiring cash, points, and trip management under one chat that executes.

PlayerWhat they doFatal flawResult
Layla.aiChat recommendation engineDoesn't executeHands you off to OTAs
MindtripAI travel agent ($22.5M raised)Cash-only, OTA-routedBooking.com with a chat skin
HopperConsumer travel + B2BRetreated to B2B (90% of rev)Consumer business gutted ex-NA
Point.meManual award concierge$200/pax, award-only, slowExpert-required, doesn't scale
The Points GuyAd mediaConflict of interestRecommends highest-paying cards
ChatGPT / general AIGeneral-purpose chatNo live booking railsFabricates flights, can't transact
UpwayAgentic OS for travelNonePlan, book, redeem, manage. One chat.
Revenue

Two engines. 95% free pays for the 5%.

ENGINE.01 · 95% of users
Free , cash fares
~$12
PER BOOKING

Cash fares via Duffel. Commissions cover servers, LLM, APIs , CAC effectively zero.

ENGINE.02 · 5% of users
Pro , points unlocked
$10/mo
~100% MARGIN

Every points result, transfer paths, agentic execution, stack optimization. vs. point.me's $200/pax concierge , "$10 to save $500" is an impulse, not a decision.

THE MECHANIC
how 5% convert

Paywall the magic.

Free user sees the $450 cash fare. Below it: a blurred “I also found this for 20K points + $45.” The math is undeniable , $10 to save $400 is an impulse, not a decision.

Bonus: the $10 sub keeps Upway on the home screen between trips. Solves the OTA deletion problem , we still earn the cash commission six months later.

UNIT ECONOMICS
CAC (subsidized by cash)~$0
Pro LTV (18mo)$180
SaaS multiple10×
OTA multiple
ROADMAP.01
Card Affiliate
$150-250 per approved card · $2B+ X-factor at scale
2027
ROADMAP.02
B2B White-Label
Banks & issuers · $5-20M ARR per top-10 contract
18+ MO
Roadmap

MVP → PMF → Infrastructure

Now
LIVE
Adviser V1 shipped. 162 routes, 39 tools, 37 tables. 200+ on waitlist, closed beta with live testers.
SHIPPED
Now → Aug
PMF Push
500 Pro at $10/mo. Viral launch via flight-review creators. Gmail import live.
IN FLIGHT
Q4 2026
Prediction
Award trend predictor. "Seats drop Tuesday." Alert engine.
DATA MOAT
2027
Full Stack
Automated booking. Transaction fees. B2B bank licensing.
SCALE
PMF SIGNAL
500 users
<5% churn
SEED TRIGGER
1,000 users
Engagement metrics
SERIES A
$1M ARR
~8.3K Pro @ $10/mo
Trajectory

The path to $1B ARR.

Three revenue engines stacked: Pro subscriptions compound, card affiliate kicks in at scale, B2B licensing finishes the curve.

$200K
2026
Beta + closed seed
$1M
2027
Series A trigger
$10M
2028
US scale, affiliate live
$50M
2029
SOM target
$200M
2030
B2B licensing
$1B
2031
Unicorn outcome
Margin profile · @ $1B revenue (2031)
software-grade economics
GROSS PROFIT · 92%
COGS 8%
REVENUE
$1B
COGS
~$80M
LLM · infra · APIs · support
GROSS PROFIT
~$920M
SaaS-multiple territory
VALUATION (10×)
$9.2B
unicorn outcome
ENGINE 1 · Now

Pro subscriptions

$10/mo, ~100% margin, compounding monthly cohorts.

ENGINE 2 · 2027+

Card affiliate + transfer kickbacks

$150–250 per approved card. $2B+ X-factor at scale.

ENGINE 3 · 2029+

B2B white-label

Banks & issuers. $5–20M ARR per top-10 contract.

The Ask

Raising $2–3M USD seed.

Use of Funds

  • 50%
    Engineering
  • 25%
    Data & Compliance
  • 15%
    Marketing
  • 10%
    Operations

Founders

Kyle Fitzsimmons

CEO · Tech · Product. Bootstrapped Cosmo to $2–3M ARR (5,000+ guests, 10-person team) over 7 years. Board roles at ASTRA + Bendigo Health Foundation. Associate Degree Aviation · RPL pilot · plane-obsessed.

Harry Fiske-Kealy

Brand · Creative · Commercial. $200K commission at Fuji Xerox in a dying B2B market, no university. Founded Toke Collective. Owns brand identity, design, social, and commercial GTM.

kyle@upway.travel

BUILDING THE OPERATING SYSTEM FOR TRAVEL.

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