NextTrip Secures $3M Credit Line to Boost Growth and Marketing

NextTrip, a travel booking and media technology company, has secured a $3 million revolving credit line from its chairman, Don Monaco. The funding will be used for general working capital, providing the company with financial flexibility to support upcoming initiatives without immediate shareholder dilution.

According to the company, the funds will primarily support marketing efforts, upcoming product launches, and ongoing development of its technology platform and newly acquired assets. In April, NextTrip expanded its portfolio by acquiring Five Star Alliance, a luxury hotel booking platform, and Journy TV, a free ad-supported streaming channel focused on travel and adventure.

CEO Bill Kerby emphasized the strategic value of the funding, saying, “We greatly appreciate the chairman’s continued support and belief in NextTrip’s long-term vision. This capital allows us to execute our priorities—including enhancing our technology stack, boosting product visibility and accelerating customer acquisition—while protecting shareholder value.”

Founded in 2002, NextTrip offers a diverse suite of travel solutions including NextTrip Journeys for leisure travel, NextTrip Business for corporate travel management, and NextTrip Solutions for travel technology services. The company also recently entered the cruise segment with the launch of NextTrip Cruise in March 2025.

The credit line underscores NextTrip’s focus on growth and innovation across its digital travel ecosystem, positioning the company to compete in key travel segments while expanding its media presence.

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NextTrip Secures $3M Credit Line to Boost Growth and Marketing

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