Airbase
Airbase helps mid-market companies automate their entire spend management workflow.
Airbase is an all-in-one spend management platform that consolidates accounts payable automation, corporate cards, expense management, and accounting integrations into a single system. It serves mid-market companies (100-5,000 employees) looking to automate their entire spend workflow—from purchase requests and approvals to payments and reconciliation. Airbase differentiates itself by solving requests, payments, and accounting together rather than as separate point solutions, enabling companies to eliminate over 50% of spend-related manual work.
Problem solved
Companies waste hundreds of hours managing fragmented spend processes across multiple systems—purchase requests, approvals, payments, and accounting reconciliation are disconnected, creating visibility gaps and manual data entry bottlenecks.
Target customer
Mid-market B2B companies (100-5,000 employees) seeking to consolidate fragmented spend management workflows and reduce manual accounting work.
Founders
T
Thejo Kote
Founder & CEO
Previously co-founded Automatic (acquired by SiriusXM in 2017) and NextDrop; holds Master's degree from UC Berkeley School of Information and Bachelor's in Electrical Engineering from Visvesvaraya Technological University.
Funding history
Series A
$7M
2019
Led by First Round Capital
Series A Extension
$23.5M
2020
Led by Bain Capital Ventures
Series B
$60M
2021
Led by Bain Capital Ventures
· Menlo Ventures
Debt Financing
$150M
2022
Led by Goldman Sachs
Total raised:
$251.5M
Industries
Pricing
Custom pricing based on usage and features. Standard plan covers core spend management; Premium and Enterprise plans add multi-entity support. Implementation typically takes 4-6 weeks for full AP automation, card program, and expense management integration.
Notable customers
Segment, Harness, Cameo, Lattice, Gusto, Doximity, Getaround, Netlify, YourMechanic, Finix, Front
Integrations
Accounting system integrations (specific systems not detailed in research); corporate card processing; accounting automation
Website
Competitors
Ramp
Most direct competitor—both are corporate card companies that expanded into AP automation, but Ramp is fundamentally built around card interchange revenue rather than AP expertise.
Brex
Focused primarily on corporate card issuance with bolt-on accounting features; less integrated AP automation than Airbase.
Float
Cash flow forecasting and financial planning tool rather than a comprehensive spend management and payment automation platform.
Why this matters: Airbase has achieved remarkable scale ($3B in annual payments, $96.6M revenue in Oct 2024) by solving a universal B2B pain point—fragmented spend management—with a unified platform approach. Its $251.5M in funding and positioning as G2's top-ranked mid-market spend management tool signal strong product-market fit in a large TAM.
Best for: Mid-market companies that need to consolidate fragmented spend management across purchase requests, approvals, payments, and accounting reconciliation into a single automated workflow.
Use cases
Automating Accounts Payable at Scale
Finance teams at growing companies manually code invoices, enter bills, and process approvals across multiple systems. Airbase consolidates vendor invoices, automated coding, approval workflows, and payment execution in one platform, reducing AP processing time by 50%+.
Controlling Corporate Card Spend with Visibility
Companies issue cards to employees but lack visibility into spending or real-time compliance. Airbase provides instant receipt capture, automated expense categorization, policy enforcement, and consolidated reporting across all card holders.
Eliminating Expense Report Manual Work
Expense submissions typically require manual receipt uploads, category selection, and reconciliation against accounting records. Airbase automates receipt capture and matching, reducing the time to reimburse employees from weeks to days.
Alternatives
Ramp
Choose Ramp if you prioritize card issuance and transaction controls; choose Airbase if you need tighter AP automation and accounting system integration.
Brex
Brex excels at premium card benefits and brand; Airbase is better for companies needing deep automation of the full spend-to-accounting workflow.
Teampay
Teampay focuses on approval workflows and expense visibility; Airbase integrates payments, AP automation, and accounting in a more comprehensive platform.
FAQ
What does Airbase do? +
Airbase is a spend management platform that consolidates purchase requests, approvals, corporate cards, expense management, bill payments, and accounting automation into a single integrated system. It sits between employees and the accounting system, automating the full lifecycle of business spending and reducing manual work by over 50%.
How much does Airbase cost? +
Airbase uses custom pricing based on company size, features, and usage. A Standard plan covers core spend management features; Premium and Enterprise plans add multi-entity support. Full implementation typically takes 4-6 weeks. Contact Airbase directly for a quote.
What are alternatives to Airbase? +
Ramp (corporate card + AP automation), Brex (premium cards with accounting features), Teampay (approval workflows and expense management), and Float (cash flow forecasting). Ramp is Airbase's most direct competitor, though both differ in architectural approach and feature depth.
Who uses Airbase? +
Mid-market B2B companies with 100-5,000 employees looking to consolidate fragmented spend management. Notable customers include Segment, Gusto, Doximity, Getaround, Netlify, Finix, Front, and Cameo. Airbase processes ~$3B in payments annually.
How does Airbase compare to Ramp? +
Both are corporate card companies that expanded into AP automation, but Airbase was purpose-built around accounts payable expertise and integration, while Ramp is fundamentally built on card interchange revenue models. Airbase ranks #1 for mid-market spend management on G2 and emphasizes tighter accounting system integration.
Tags
spend management
accounts payable
corporate cards
expense management
bill payments
automation
mid-market finance