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

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TripActions: Receives Up To $500M Debt Facility

By Steve Sam

February 25, 2020

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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