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TripActions: Receives Up To $500M Debt Facility | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

TripActions: Receives Up To $500M Debt Facility

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

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