TripActions 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.
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.
“SVB welcomed the opportunity to closely partner with the TripActions team to structure and provide a unique facility that can scale as TripActions Liquid grows. We are proud to build on our long-standing relationship with TripActions and serve as the sole lead arranger and administrative agent,” said Victoria Regan, managing director of Loan Syndications, Silicon Valley Bank
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.
TripActions differs from legacy players by putting the business traveler first. Combined, TripActions and TripActions Liquid deliver consumer-like ease-of-use with powerful personalization, unrivaled inventory choice, 24/7 travel agents and streamlined travel payments that business travelers love. As a result, organizations achieve high adoption. That gives enterprise leaders the spend visibility, control and insights they need to optimize their travel, save money and fulfill duty of care.
TripActions combines the best corporate travel management tech with the best travel agency service.