FinTech news in Greenoaks Capital category

It was at that point that TripActions made the decision to accelerate the timeline for its fintech expense product, TripActions Liquid, which had launched only a month before the pandemic. At that time, the company told me that transaction volume processed via TripActions Liquid more than doubled (by 107%) from January 2022 through March 2022, up 1,231% year-over-year. Citing an unnamed source, Business Insider broke the news on Wednesday that the company had filed confidential paperwork with the U.S. Securities and Exchange Commission for an initial public offering. Prior to the COVID-19 pandemic, TripActions was primarily known for merging many aspects of corporate trip booking — flights, hotels and rental cars — with expense tracking.

As its earlier customers have grown and matured, Brex is now adapting to also serve mid-market to larger businesses which have different financial needs as they grow. In terms of customers, Brex continues to serve startups or e-commerce companies that might be smaller businesses but with higher growth.