Airbase startup raises USD 60 mln in Series B funding

According to representatives, the firm’s new capital was raised on a USD 600 million valuation, post-money, which means that the Menlo-led transaction involved 10% of the company’s shares.

The round, which brought total venture funding to USD 91 million includs investor Craft Ventures, while existing investors Bain Capital Ventures, First Round Capital, Quiet Capital, Webb Investment Network, and BoxGroup also participated.

The company intends to use the funds to further develop the platform and expand its business reach. Airbase provides a spend management platform for small and midsize companies. It combines accounts payable automation, software-enabled corporate cards, and employee expense reimbursements. Airbase applies consistent approval workflows across all areas, automates accounting, and provides real-time reporting for all non-payroll spend.

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

Categories

Payments

Fraud and Fincrime

Fintech

Crypto, Web3 and CBDC

Regulations

M&A and Investments

Current themes

A2A Payments

Payment Orchestration

TradFi and DeFi Convergence

KYC, KYB and Digital Identity