TripActions®, the fastest-growing business travel platform, has raised a debt facility of up to $500 million to launch the industry’s first, end-to-end global corporate travel management and payments platform. TripActions Liquid™ solves the hassles of global travel payments to deliver a best-in-class experience for road warriors, finance leaders and travel managers alike. Led by Silicon Valley Bank with participation from Goldman Sachs and Comerica Bank, the financing enables TripActions to officially launch its second ground-breaking product. The launch follows positive feedback from finance and travel leaders using TripActions Liquid within some of the world’s leading public and private companies.
“TripActions is the only complete, end-to-end corporate travel management solution for finance teams and travel managers, combining the best online booking tool, travel management company and travel payments solution into a single platform,” said Samantha DeRosa, Senior Accounting Manager at Toast. “It’s a no-brainer to use TripActions Liquid with the TripActions corporate travel platform—it’s booking and payments integrated seamlessly to make travel spend management a breeze.”
Traveling employees win with TripActions Liquid as they no longer have to carry the cost of work travel on their personal credit cards, including the flight, hotel, incidentals, rideshares, dining and everything in between. What’s more, TripActions Liquid leverages partners like AppZen, the world’s leading AI solution for modern finance teams, to power real-time, AI-driven spend approvals within policy. This eliminates traveler angst and guesswork along with out-of-policy spend. And with the collaboration between TripActions and Visa, users can travel with confidence knowing TripActions Liquid corporate cards are accepted everywhere Visa is accepted across more than 46 million merchant locations in more than 200 countries and territories.