TripActions Raises $275 Million
- 3 years ago
On Wednesday, corporate travel startup TripActions announced that it raised $275 million in its latest round of funding. The news pushed the company’s value to $7.25 billion after the coronavirus pandemic caused severe reductions in travel and even forced the firm to lay off a quarter of its staff. TripActions also said it had doubled its travel budgets under management in the past 18 months. TripActions has a credit card called TripActions Liquid and an automated expenses platform in direct competition with American Express Global Business Travel.