Flying high: how the stock of Danish start-up is soaring

Airhelp named among 25 hot New York start-ups

Named as one of Business Insider's 25 hot New York start-ups to watch, and placed at number 81 by the British business site on its 2014 Silicon Alley list, the stock of Danish company AirHelp is currently soaring.

Its app, which aids passengers to claim compensation for delayed or cancelled flights in Europe or overbooked flights in the US, has received tens of millions of kroner in investment from private investors and an American venture capital fund.

Last year the company moved its headquarters from San Francisco to New York, which is the right place to be according to its founder and chief marketing officer, Nicolas Michaelsen.

"When you get invited to a dinner with Bill Gates, there's a good chance that the person you sit next to will turn out to be an interesting one," he told MX.dk.

READ MORE: Danish maternity app could save thousands in developing nations

Easier compensation
The company has automated the claims procedure to make the compensation process easier to navigate. Since launching in 2012, it has helped 45,000 passengers claim money they may not have realised they were entitled to.

Airhelp claims 26 million passengers are eligible for compensation every year, but only 0.06 percent succeed in obtaining it.

The amount of compensation a passenger could be entitled to can be as high as 5,000 kroner for flights within Europe and 8,200 kroner for domestic flights in the US. The average payout is 4,000 kroner per passenger.

AirHelp operates on a 'no win, no fee' basis, only charging if there is something to claim. They take a 25 percent cut of the payout, including VAT.  

TOP STORIES

Connect club

Connect Club is your gateway to a vibrant programme of events and an international community in Denmark.

Sign up here

Career

  • How internationals can benefit from joining trade unions

    How internationals can benefit from joining trade unions

    Being part of a trade union is a long-established norm for Danes. But many internationals do not join unions – instead enduring workers’ rights violations. Find out how joining a union could benefit you, and how to go about it.

  • Internationals in Denmark rarely join a trade union

    Internationals in Denmark rarely join a trade union

    Internationals are overrepresented in the lowest-paid fields of agriculture, transport, cleaning, hotels and restaurants, and construction – industries that classically lack collective agreements. A new analysis from the Workers’ Union’s Business Council suggests that internationals rarely join trade unions – but if they did, it would generate better industry standards.

  • Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    Novo Nordisk overtakes LEGO as the most desirable future workplace amongst university students

    The numbers are especially striking amongst the 3,477 business and economics students polled, of whom 31 percent elected Novo Nordisk as their favorite, compared with 20 percent last year.

Want to advertise your job with CPH Post?

Contact us

Jobs