FOF Travel thinks its social trip-planning service can be profitable

Excerpt from Tnooz

Friends of Friends Travel is an online marketplace that gives members the chance to share opportunities for free accommodation, storage space, travel tips and local meet-ups through, well, you know — friends of friends.

FOF-Travel-DashboardCo-founders are Krissa Curran (CEO), Mark Strickland (chairman), and Daljeet Singh (head of marketing).

Launched last year, the company is bootstrapped with money from the founders, close friends and family.

The founders’ plan is to raise money through the startup’s premium membership service — at rate of between £12 and £20 to join for a year. Membership gives access to discounts via the site’s partnerships with STA Travel, HostelWorld, travel insurance supplier World Nomads, among other companies.

By year end, the founders hope to secure a round of funding from venture capitalists and angel investors.