Cendyn Promotes Yakesh Arora to Chief Technology Officer
💰 ROH, a hospitality industry payments platform, finished a $9.2 million finance round led by Highgate Technology Ventures and Acrew Capital. The investment will support ROH's platform expansion and improve data processing from contracts, invoices, and payments. Highgate's Raja Goel and Kurien Jacob, along with Acrew's John Gardner, are joining ROH's Board. ROH aims to modernize hotel payment processes, addressing the 80% of the $4 trillion in hotel payments requiring manual intervention. In 2024, ROH managed nearly $250 million in invoices and saw a 523% increase in bookings from its AI application. Highgate's properties piloted ROH, leading to the investment and further commercial use due to improved operational efficiency and profitability.
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