Airbase, a San Francisco, CA-based spend management platform for mid-market and enterprise companies, received $150M in debt financing.
The deal was led by Goldman Sachs.
This latest funding, which closed this month, will allow the company to expand its innovative charge card program to its increasing base of customers.
Led by Thejo Kote, Founder and CEO, Airbase provides a spend management platform for mid-market and enterprise companies. Its corporate cards are software-enabled, which means they capture and transmit spending data. Automated approval workflows map to company policies and accounting entries flow automatically to the general ledger. The platform handles all non-payroll spend, including corporate cards, bill payments, purchase orders, and employee expense reimbursements.
FinSMEs
18/07/2022