Business 188bet online casino games booking platform TripActions won 1.USD 5.5 billion Series E financing,Valuation billion

Author of this article: 188bet online casino games 2021-01-25
Received US5 million in debt financing in June last year.

Recently,According to US 188bet online casino games website PhocusWire,Enterprise business 188bet online casino games booking platform TripActions announces acquisition of 1.USD 5.5 billion Series E financing,Valuation of US billion。This is the company’s first acquisition since June last year.The second large financing since US.5 billion debt financing (IPO convertible)。

According to CEO Ariel Cohen,This round of financing was funded by existing investor Andreessen Horowitz、Addition and Elad Gil led the investment,Investment institution Zeev Ventures、Lightspeed Venture Partners and Greenoaks Capital also invested。This is also a vote of confidence from many investors in TripActions’ innovation in the field of 188bet online casino games and business 188bet online casino games expense management。

February 2020,The company launches TripActions Liquid, a business 188bet online casino games expense management solution,Launched TripActions Enterprise Edition in September of the same year,Focus on providing comprehensive 188bet online casino games and business 188bet online casino games expense management services to global enterprises。These two are just some of the more than 40 enhanced products launched by the company in March last year。

Ariel Cohen said,The company’s business grew by 75% during the epidemic this year,Liquid product line grew by 150% month-on-month last month。Currently,TripActions’ clients include streaming giant Netflix、Wayfair、Hotel Group Accor、Lennar et al。Currently,Company focuses on further developing Liquid product line,Cohen thinks,Next few years,End-to-end automation technology will replace the concept of "business 188bet online casino games expense management",TripActions will launch a new business 188bet online casino games business that meets the needs during the epidemic。

Cohen introduced,With the continuous acceleration of product development,The company has been looking for acquisition targets,But because the efficiency of traditional 188bet online casino games management companies (TMC) is not significantly better than TripActions,The company has not yet made a decision on acquisition。He put American Express Business 188bet online casino games、BCD 188bet online casino games、Carlson/CWT is a traditional business 188bet online casino games booking platform,Their characteristic is that they have agents、Has a partner、A sales point is available,Also has its own technical system。New model business 188bet online casino games booking platforms like TripActions are more in line with user needs,For example,The user wants to call the platform directly when canceling the order,This end-to-end system is part of the new model。Cohen estimates,In the future, traditional TMC companies may choose to merge into groups in order to meet the needs of users。

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