We’ll be keeping a close eye out for more details. But unfortunately, we don’t have much more insight into the company’s finances. TripActions has reported big increases in both travel and non-travel spending. March 2022 saw a 1,681% YoY increase in spend. From January 2022 through March 2022, total spend value processed via TripActions Liquid™ grew 114%. And based on recent rumors, the confidential filing puts the new valuation at $12 billion.Īs far as underlying business growth, the company has released a few details on its site. That’s a big price tag for a private company and also makes it an investment unicorn. The most recent round of funding puts the company’s valuation above $7 billion. For example, Andreessen Horowitz and Lightspeed Venture Partners participated in multiple rounds. And this money has come from a wide range of experienced investors. These rounds of funding have helped TripActions expand. And since then, there have been multiple rounds of funding… TripActions led its Series A funding round in early 2016. Nonetheless, here’s some info we’ve been able to dig up… But if the confidential filing went through, that could change soon. Since TripActions is still a private company, we have little insight into its financial position. So it’s no surprise that investors are looking out for TripActions stock to hit the markets. Overall, TripActions is trusted by more than 8,000 companies. These efforts to expand have been paying off… TripActions has customers such as Lyft, Pinterest, Yelp, Wayfair, Shopify and Zoom, just to name a few. Comtravo is a leading modern travel solution in Germany, Austria and Switzerland. Then in February of 2022, it added Comtravo to the mix. In April of 2021, it acquired Reed & Mackay, a high-end corporate travel management solution. In the past two years, the company has acquired two businesses to expand into new markets. As a result, the growth is bringing more attention to the potential TripActions IPO… It gives finance teams better insight into spending. It’s an expense management suite that pairs with the travel solution. To expand its corporate travel platform in 2020, the company launched TripActions Liquid™. And it appears to be continuing with TripActions. These leaders have a solid track record of success. And prior to that, they founded StreamOnce, a company acquired by Jive Software. In May of 2015, Ariel Cohen and Ilan Twig founded the company. TripActions is in a competitive industry, but it’s bringing new innovation to the game. It helps businesses with technology to keep employees informed and safe. TripActions is a travel and expense management company. But if this comes to pass, will TripActions stock be a good opportunity for investors? Let’s dive into the details… According to a few news outlets, the company has confidentially filed to go public. Even with the markets going through a rough patch, rumors are picking up for a TripActions IPO.
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