Skift Take
TripActions has made the savvy Silicon Valley play of embracing financial technology while the sector is hot. Whether its new product represents anything truly fresh in corporate travel is a whole other story.
Watch out, TripActions is at it again. The corporate travel management company has launched a new payments product using virtual cards to make life easier for both business travelers and accountants.
It will be interesting to see if TripActions Liquid catches on, especially with its smaller clients that may want to retain their usual policy of forcing employees to pay for their own travel upfront (it's just smart business, really).
It's difficult to see how the announcement represents a game changer for TripActions, as the company itself suggests, aside from improving its prospects of raising another huge funding round under the guise of becoming a financial technology company. Sure, it's another revenue stream, but virtual cards have been available in corporate travel for some time. Check out my story below.
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