TripActions Raises $400 Million in Funding  

by Kay Aloha Villamor December 9th, 2022

TripActions, a Palo Alto, CA-based all-in-one travel, corporate card, and expense management solution, today announced that it secured $400 million in credit facilities.

The investment consisted of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with a $200M commitment ($300M total Program Limit) and an asset-backed lending facility of $100M led by Silicon Valley Bank.

The credit facilities will be used to accelerate the expansion of TripActions’ customer base.

The warehouse facility will enable the continued growth of TripActions’ innovative, award-winning corporate card and expense management solution, TripActions Liquid, as companies look to increase real-time visibility, control, and savings.

The announcement comes on the heels of TripActions’ recent Series G up-round, which valued the company at $9.2B, and the company’s fourth Europe-based acquisition in 18 months. 

In Q3 FY23, TripActions Liquid recorded more than 5x year-over-year spend volume from leading customers across multiple verticals and segments, including Stripe, Zoom, Canva, Carta, Toast, Lyft, Notion, Databricks, and VaynerMedia.

Company: TripActions, Inc. 

Raised: $400.0M

Round: Credit Facilities

Funding Month: December 2022

Lead Investors: Goldman Sachs Bank USA and Silicon Valley Bank

Additional Investors:

Company Website:

Software Category: Travel & Expense Management Solution

About the Company: TripActions is the all-in-one travel, corporate card, and expense management solution, providing customers around the globe with unprecedented visibility and control over spend. The platform offers an online booking tool, inventory management, payments, expense reports, customer reviews, program management, reporting & more. Trusted by travel managers and finance teams alike, TripActions and TripActions Liquid leverage real-time data to help companies keep traveling employees safe, reduce spending, and drive productivity. In November of 2022, TripActions was named to the Inc. Power Partner Awards, a list of the best B2B companies, for both the financial services and travel categories. In April of 2022, TripActions was named to the Forbes Fintech 50 for its fintech-powered expense solution.


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