Mystifly, which offers payment processing and airline inventory management software to both online and offline travel aggregators, has raised $3.3 million in its pre-Series B round led by Japan-based Recruit Holdings Co., Ltd.

The ten-year-old, Bengaluru-based startup which offers its software to businesses using a SaaS model plans to raise an additional $30 million in equity financing in a Series B round within the next few quarters, Mystifly’s co-founder Rajeev Kumar said in an interview.

The startup also has an office in Singapore, with around 140 employees.

Currently, Mystifly offers SaaS solutions to automate airline ticketing distribution, fulfilment and payments technology for both offline travel agents and online travel aggregators (OTAs).

Airline ticketing and fulfilment is a cumbersome process, especially for OTAs and offline agents who work with budget carriers. Airlines such as Indigo, GoAir operate with OTAs using a wallet model for bookings. OTAs deposit a chunk of cash in the airlines’ wallet, and process air tickets on the basis of this outstanding balance with each operator.