TripActions: Receives Up To $500M Debt Facility
- TripActions, a Palo Alto, CA-based business travel platform, raised a debt facility of up to $500m
- The financing was led by Silicon Valley Bank with participation from Goldman Sachs and Comerica Bank
- The company intends to use the proceeds from the financing to launch its second product, TripActions LiquidTM
- It also integrates with the TripActions corporate travel platform to auto-enable the traveller’s card for related purchases
- The new solution also offers a competitive rebate on all spend processed through TripActions Liquid