A start-up pitch winner focused on rail compensation shares what it is all about
After pitching against four other start-ups, the Railguard app won the audience vote for the Entrepreneurs In Business Travel Award at the GTMC conference in Ireland last week. BTiQ posed its Meet the Disruptor questions to the managing director Matt Freckelton.
When were you launched?
How many people are working for the company?
There are four (plus) of us on the team.
Sum up what your company/product does in one sentence.
Railguard monitors UK rail travel booked by businesses through a third party travel management company for eligible compensation caused by delays. Railguard then recoups that money for the business.
Why is it unique?
We have our own custom built tracking and technology platform that automates the entire process.
What problem does it solve?
Business travellers don't know their eligible for compensation so don't submit their own claims and subsequently businesses are losing out on tens or thousands of pounds in some instances in compensation. We estimate that a business could claiming back up to 3% of its annual UK rail spend back in compensation.
What platforms is it available on/can integrate with?
Railguard can intergrate within any travel management company that books UK rail travel.
What do travel managers like about it?
It returns cash into their bank accounts.
What are your growth plans?
We focussed on expanding our core product offering at the moment and developing ad on services for deployment later this year.