TripActions secures $500M credit facility for its new corporate travel product
Companies, agencies, institutions, etc
TechCrunch
Silicon Valley Bank
Goldman Sachs and Comerica Bank
the Iron Bank of California
TripActions’
Lightspeed
Zeev Ventures
Crunchbase data
People
Drake
Crunchbase
Groups
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Physical locations
East Coast
Places
No matching tags
Locations
Palo Alto
Events
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Summary
That funding round valued the company at around $3 billion, according to Crunchbase data.According to a TripActions interview with TechCrunch, travel costs are “the second biggest expenditure that’s controllable for companies and most finance leaders feel like they’re not managing it well,” putting its Liquid product in a spot in the market where there’s demand from both employees and management for a better service.With TripActions Liquid helping workers avoid taking on company expenses, and the TripActions product theoretically making booking travel itself a less onerous task, this news item could make life less bad for the working corporates among us.On that note, a story.
As said here by Alex Wilhelm