TripActions has secured $400 million in credit facilities, which it said it will use to accelerate customer growth, particularly with its payment and expense management platform Liquid, the company announced Thursday. The credit facilities include a warehouse debt facility from Goldman Sachs Bank, with a $200 million commitment and the capability to expand that to … Read more
TripActions has raised an additional $300 million in funding, which the travel, card and expense management platform said brings its valuation to $9.2 billion. The financing round, TripActions’ third in three years, includes $154 million in equity from current and new investors as well as a $150 million structured capital transaction from investment firm Coatue … Read more
TripActions has filed confidential paperwork for an initial public offering next year, according to a report from Business Insider. The travel, card and expense management company plans to go public in the second quarter of 2023 with a valuation of $12 billion, according to the report, which cited an unnamed source. That’s up from its reported … Read more
Business travel bookings from Sept. 1 through Nov. 19 are trending nearly six times higher than they were this time last year, according to data published by TripActions on Monday. The data, based on bookings through the TripActions platform and spending with TripActions Liquid, indicate a “seasonal surge in business travel, despite concerns about the … Read more