companies

Hopper

Travel app that predicts flight and hotel price movements and sells fintech add-ons like fare freezes, plus a B2B travel commerce arm.

Hopper was founded in 2007 by Frederic Lalonde and Joost Ouwerkerk, both former Expedia executives, though the company spent its early years as a travel data business before relaunching as the consumer app it's known for today. Headquartered in Montreal with a large office in Boston, Hopper built its reputation on a price-prediction model that tells travelers whether to book a flight now or wait, trained on years of historical fare data. Around that prediction engine, Hopper layered a set of fintech products: Price Freeze locks a fare or hotel rate for a deposit and pays the difference if the price rises, Cancel For Any Reason insurance refunds the full room cost on hotels, and Carrot Cash returns 1 to 5 percent of every booking as travel credit. Fintech products now make up roughly 40 percent of Hopper's revenue. The company also runs a B2B arm, marketed as Hopper Cloud and more recently HTS, that licenses this fintech and booking infrastructure to airlines, banks, and other travel brands. Hopper has raised about $740 million to date, with its last disclosed round a $96 million Series G in November 2022, and employs roughly 1,000 to 1,200 people as of 2026.

Founded

2007

Headquarters

Montreal, Canada

Sector

consumer