VC-backed Airbase grabs $150m debt financing from Goldman Sachs

The funding will allow Airbase to expand its charge card program and increase its customer base.

  • Airbase combines all-inclusive accounts payable automation, software-enabled corporate cards, and simplified employee expense reimbursements
  • Headquartered in San Francisco, Airbase was launched in 2017
  • Its investors include First Round Capital, Maynard Webb, Village Global, BoxGroup and Quiet Capital

Goldman Sachs has provided $150 million in debt financing to Airbase, a spend management platform for mid-market and enterprise companies.

The funding will allow Airbase to expand its charge card program and increase its customer base.

“Airbase has been hyper-focused on providing the deepest and best spend management platform available in the market today,” said Thejo Kote, founder and CEO of Airbase, in a statement. “Our cards are an important component of that platform. This $150 million facility, led by Goldman Sachs, paves the way for us to compete more aggressively for the business of companies that wish to extend repayment terms.”

This $150 million credit facility announcement follows recent news of partnerships with AMEX and Silicon Valley Bank.

Airbase combines all-inclusive accounts payable automation, software-enabled corporate cards, and simplified employee expense reimbursements.

Headquartered in San Francisco, Airbase was launched in 2017. It was founded by serial entrepreneur Thejo Kote.

Its investors include First Round Capital, Maynard Webb, Village Global, BoxGroup and Quiet Capital.