TripActions announces the launch of TripActions Liquid

By Joy Dumasia

TripActions, the only all-in-one travel, corporate card, and expense management solution, announced the launch of TripActions Liquid in Europe. TripActions Liquid is now the first and only FinTech-powered travel and expense management offering that can support card issuance in multiple currencies through its partnership with Stripe. The expansion increases TripActions’ ability to provide an end-to-end solution for global companies of all sizes while eliminating employee expense reports and automating the entire expense management process for customers. World-class partners that include Stripe, Visa, Modern Treasury, and Plaid, TripActions is positioned to replace legacy, disparate travel and expense solutions, completely revolutionizing the entire T&E stack.

TripActions Liquid gives finance teams real-time spend visibility and control over global spend, empowering them to drive cost-savings, productivity, and compliance. Policy controls are embedded into smart corporate cards issued by Stripe, automating expense management from swipe to reconciliation from home office to hotel room.

Legacy options require finance teams to review every expense transaction. Powered by physical and virtual corporate smart cards, TripActions Liquid policies are pre-set, reducing reporting hours up to 66% and reconciliation time up to 95%. For end-to-end TripActions enterprise customers, reconciliation time is reduced from weeks to hours.

TripActions Co-Founder and CEO Ariel Cohen said: “TripActions Liquid has averaged 34% monthly growth in transaction value this year companies can no longer afford to use those antiquated, analog systems. It’s imperative to have real-time visibility into spend, carbon consumption, and employee safety. No other company is able to offer the full end-to-end travel, corporate card, and expense management capabilities of TripActions Liquid. We’re really in a league of our own in this market.”

Eileen O’Mara, EMEA Revenue & Growth Lead at Stripe, said: “TripActions Liquid is a powerful example of the possibilities enabled by Stripe’s global financial infrastructure. Running smart corporate cards with programmatic spending controls and reconciliation across multiple countries was unfathomable just a few short years ago. We’re thrilled to see TripActions build its Liquid product on Stripe and accelerate its global expansion.”