Dyninno Group
TypePrivately held company
Founded2004
FounderAlex Weinstein, Dmitry Tsymber, Igor Reiant
Headquarters
Valetta
,
Malta
Servicestravel, finance, entertainment, technology sectors
Number of employees
5400[1]
Websitehttps://dyninno.com/

Dyninno Group is a technology company that provides products and services in the travel, fintech, and entertainment sectors in 50 countries.[2] It was founded in San Francisco, United States, in 2004.

As of 2022, Dyninno Group employs more than 5,400 people in the US, the UK, Canada, India, Colombia, Latvia, Moldova, Romania, Egypt, the Philippines, Brasil, the UAE, Uzbekistan, Italy, Cyprus, Malta and Turkey.[3]

As of 2023, the company has 23 offices around the world.[4]

History

Alex Weinstein, an American immigrant from Moldova, started working in the travel industry in California in the early 1990s.  In 2002, he launched asaptickets.com – a travel agency that sells airline tickets. In 2004, Weinstein founded the Dyninno Group (short for Dynamic Innovations).[5] In 2013, Dyninno Travel started operations in Cebu City, Philippines.[6] In 2016, Dynatech, a subdivision for Dyninno Group, was established in Riga, Latvia.[7]

In 2017, the company introduced several lending services in Romania and Moldova: CreditPrime, CreditPlus.[8]

In June 2017, a subsidiary company, Dynapay, was created and launched, which was initially used as an internal payment system for Dyninno Group, but later was offered to global clients and rebranded as Multipass.[9]

In 2019, Dyninno's enterprises generated revenues of over $800 million.

Between 2019 and 2022 Dyninno Group opened offices in New Delhi (India), Manila (the Philippines), Chisinau (Moldova).[10][11][12]

In October 2022, Evgeny Senderov became the CEO of Dyninno Group.[13]

In 2022, Dyninno Travel was restructured and rebranded as Trevolution. Trevolution Group sells over 70,000 airline tickets and package holidays monthly.[14][15] In 2022, the company's gross orders reached US$936 million.[16]

In January 2023, the Dyninno Group office was opened in Uzbekistan.[17]

In February 2023, Dyninno Group opened an office in Sao Paulo (Brazil) and in March 2023 in Istanbul (Turkey). The new offices will house Trevolution's travel business.[1]

Divisions

Dyninno Group consists of several divisions:

  • Trevolution Group is a company that specializes in agency sales of air tickets and travel services. Trevolution manages travel brands such as International Travel Network, ASAP Tickets, Skylux Travel, Aviajet, TravelTech, etc;[18][19][20]
  • EcoFinance is a company that operates in the financial services industry;[21]
  • MultiPass is a bank challenger that provides financial solutions for businesses with cross-border activity;[22][23]
  • Dynatech is the IT and administrative center of Dyninno Group;[24]
  • Entertech is a hi-tech company in the entertainment market. It manages the brands AllCasting and KidsCasting.[25]

References

  1. 1 2 "Dyninno Group Launches Operations in Sao Paulo". Markets Insider. Retrieved May 2, 2023.
  2. ↑ "Dyninno Group Launches Operations in Sao Paulo". Yahoo Finance. Retrieved May 2, 2023.
  3. ↑ "Dyninno Travel rebrands as Trevolution Group". finance.yahoo.com. Retrieved November 8, 2022.
  4. ↑ "'Traveltech' firm to expand Philippine operations". INQUIRER.net. Retrieved May 2, 2023.
  5. ↑ "For This Tech Entrepreneur, Key is to Use Technology to Improve Human Life – Professional Tales". Retrieved November 8, 2022.
  6. ↑ "Airline ticket sales to PH surge 57% in Q3". Manila Bulletin. November 8, 2021. Retrieved November 8, 2022.
  7. ↑ "Pašmāju uzņēmums Dynatech attīsta pasaules līmeņa aviobiļešu tirdzniecības platformu". Dienas Bizness (in Latvian). Retrieved November 8, 2022.
  8. ↑ humans.txt; www.digiverse.cz, Developed by: Digiverse | Tvorba WWW- (February 15, 2022). "DYNINNO becomes a new provider on Bondster". Bondster. Retrieved November 8, 2022.
  9. ↑ "Moorwand, Tribe and MultiPass form strategic partnership". fintechmagazine.com. August 30, 2022. Retrieved November 8, 2022.
  10. ↑ "Dyninno India plans to hire over 500 more employees | Business Review Live | Business News, Reviews | Entrepreneur Stories, Interviews | Kerala | India". August 9, 2022. Retrieved November 8, 2022.
  11. ↑ Bureau, HRK News (November 18, 2021). "Dyninno Group to hire 520+ in India in 2022". HR Katha. Retrieved November 8, 2022.
  12. ↑ "Unul dintre cei mai mari angajatori internaționali din Republica Moldova deschide 450 locuri noi de muncă la Chișinău". Anticorupție. Retrieved May 2, 2023.
  13. ↑ "Dyninno Group of Companies appoints new CEO". TravelDailyNews. Retrieved May 2, 2023.
  14. ↑ "Flight Booking Price Increase Halts in August 2022". September 20, 2022.
  15. ↑ "Dynnino Travel announces rebranding". TravelDailyNews International. Retrieved November 8, 2022.
  16. ↑ "Trevolution Group records rise in sale of air tickets to and from India in 2022". ETTravelWorld. Retrieved May 2, 2023.
  17. ↑ "Dyninno Group launches operations in Uzbekistan". TravelDailyNews. Retrieved May 2, 2023.
  18. ↑ "Skift India Daily: Indians Turn to Metasearch Engines for Travel Bookings". Skift. Retrieved May 2, 2023.
  19. ↑ "Trevolution Group Appoints Peter Vazan to Executive Vice President of Industry Relations". Yahoo Finance. Retrieved May 2, 2023.
  20. ↑ "Dyninno Travel rebrands as Trevolution Group". Yahoo Finance. Retrieved May 2, 2023.
  21. ↑ "EcoFinance". Dyninno Group. Retrieved May 2, 2023.
  22. ↑ "Meet Konstantin Zaripov, Managing Director at Global Payments Account Provider: MultiPass". Techround. Retrieved May 2, 2023.
  23. ↑ "MultiPass, Moorwand, and Tribe deliver payment cards for European business clients". The Paypers. Retrieved May 2, 2023.
  24. ↑ "Dyninno Group plans to hire over 520 people in India in 2022". The Print. Retrieved May 2, 2023.
  25. ↑ "Grupul Dyninno continua sa isi dezvolte diviziile comerciale in Moldova". protv.md. Retrieved May 2, 2023.
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