Tripactions Liquid News Today

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TripActions has secured $400 million in credit facilities from Goldman Sachs and Silicon Valley Bank to expand its customer base.

The move comes less than two months after TripActions increased its valuation from $7.5 billion to $9.2 billion.

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Travel management company TripActions has raised another $300 million funding which has increased its valuation to $9.2 billion.

The California-based firm, known for its AI-powered platform for corporate travel bookings and expenses, plans to expand globally with new offices in Portugal, UK, France

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

Since 2020, the US-Israeli travel and payment company has more than doubled its valuation, despite the damage done by the Covid pandemic to the tourism industry.

TripActions is enhancing its management platform to allow “rapid reimbursements” of expenses for travellers. The travel management company is offering expense reimbursements in “as little as 24 hours” across nearly 30 local currencies in more than 45 countries through the TripActions Liquid spend management portal.

TripActions, valued at $7.25B last year, has reportedly filed confidential paperwork with the SEC to go public in 2023.