Baoku Online Inc., a Beijing, China-based business travel and expense management company, received a Series A funding of undisclosed amount.
Matrix Partners China made the investment.
Baoku provides a cloud-based solution platform that combines enterprises’ internal process and suppliers’ (and intermediaries’) reservation processes.
featuring internal process management, supply chain management, booking and reservation, payment and clearing services, data services, and a shared service center for business travelers.
Using Baoku, a business traveler can initiate a request for travel, receive his/her manager’s approval, make reservations, claim expenses, receive approval, and more, all through the system. Finance and Support departments can monitor suppliers’ performance, collect complete data, improve payment efficiency and perform analysis that helps to improve the quality of future travel-related decisions.
Over the years, the company has developed application software for major Chinese airlines and TMCs including Air China, Shenzhen Airlines, Hainan Airlines, Shandong Airlines, and Sichuan Airlines.