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TripActions Raises $275 Million

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TripActions Raises $275 Million

Benzinga

12 Views • Oct 13, 2021

Description

On Wednesday, corporate travel startup TripActions announced that it raised $275 million in its latest round of funding. The news pushed the company’s value to $7.25 billion after the coronavirus pandemic caused severe reductions in travel and even forced the firm to lay off a quarter of its staff. TripActions also said it had doubled its travel budgets under management in the past 18 months. TripActions has a credit card called TripActions Liquid and an automated expenses platform in direct competition with American Express Global Business Travel.

Keywords & Tags

#finance #covid #COVID-19 #Coronavirus #business #pandemic #economic recovery #travel #credit card #Delta variant #American Express #economic growth #TripActions #Raises 275 Million #Corporate Travel Startup #TripActions Liquid #Global Business Travel #corporate payments #expense management platform

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