Recently，According to US travel website PhocusWire，Enterprise business travel booking platform TripActions announces acquisition of 1.USD 5.5 billion Series E financing，Valuation of US$5 billion。This is the company’s first acquisition since June last year.The second large financing since US$2.5 billion in 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 188bet Online Sports Betting and Casino and Greenoaks Capital also invested。This is also a vote of confidence from many investors in TripActions’ innovation in the field of travel and business travel expense management。

February 2020，The company launches TripActions Liquid, a business travel expense management solution，Launched TripActions Enterprise Edition in September of the same year，Focus on providing comprehensive travel and business travel 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 188bet app technology will replace the concept of "business travel expense management"，TripActions will launch a new business travel 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 travel management companies (TMC) is not significantly better than TripActions，The company has not yet made a decision on acquisition。He put American Express Business Travel、BCD Travel、Carlson/CWT is a traditional business travel booking platform，Their characteristic is that they have agents、Has a partner、There is a sales point，Also has its own technical system。New model business travel booking platforms like TripActions are more in line with user needs，For example，Users want to call the platform directly when canceling an order，This end-to-end system is part of the new model。Cohen estimates，In the 188bet app download future, traditional TMC companies may choose to merge into groups in order to meet the needs of users。