Instinct’s founder stated that more than half of the transactions taking place on the platform are related to travel. The founder also said the platform is expanding at a rate of 10% per day.
Why it matters
The concentration of transactions in a single category, travel, points to where the platform is currently seeing the most activity. The reported daily growth figure indicates momentum, though the claims come from the company itself.
Who should care
Observers of startups and platform businesses may find these figures relevant, particularly those tracking activity in travel-related transactions.