Airbase

Airbase

Spend management platform for businesses

About Airbase

Simplify's Rating
Why Airbase is rated
B+
Rated B on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Enterprise Software

Fintech

Company Size

201-500

Company Stage

Acquired

Total Funding

$565.5M

Headquarters

San Francisco, California

Founded

2017

Overview

Airbase provides a spend management platform that helps businesses manage their financial operations more effectively. The platform includes services such as guided procurement, accounts payable automation, expense management, and corporate card management. These features allow companies to control their spending, streamline procurement processes, and automate accounts payable tasks. Airbase's software is designed to be user-friendly, offering visibility and control over spending for clients ranging from small businesses to large corporations. Unlike many competitors, Airbase also fosters a community for finance professionals through its Slack group, Off the Ledger, where users can share insights and ask questions. The goal of Airbase is to simplify financial management for businesses and enhance their operational efficiency.

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Simplify's Take

What believers are saying

  • AI integration reduces manual processing time and errors in accounts payable.
  • Partnership with Sardine enhances fraud detection capabilities, increasing customer trust.
  • Paylocity acquisition expands Airbase's market reach and service offerings.

What critics are saying

  • Competition from Amazon Business could threaten Airbase's market share in procurement.
  • Paylocity acquisition may disrupt client relationships and alter company focus.
  • Rapid AI integration may face adoption challenges and technical issues impacting user experience.

What makes Airbase unique

  • Airbase offers a comprehensive spend management platform with AI-powered Touchless AP.
  • The platform integrates advanced fraud detection through a partnership with Sardine.
  • Airbase provides real-time spend analytics and vendor management for data-driven decisions.

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Funding

Total Funding

$565.5M

Above

Industry Average

Funded Over

4 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

4%

2 year growth

2%
Paylocity
Mar 25th, 2025
Paylocity Scores Big with 26th Consecutive G2 Leader Ranking

Airbase was named the #1 Momentum Leader in by G2 in the most recent Spring reports, highlighting the increasing capabilities of the Paylocity platform.

Airbase
Sep 26th, 2024
Airbase Demonstrates the Transformational Power of AI with the Launch of Touchless Accounts Payable.

San Francisco, CA - September 26 - Airbase, the leading procure-to-pay solution for mid-market and larger organizations, is excited to announce a new era in financial operations with its launch of AI-powered Touchless AP (accounts payable).

Investing.com
Sep 5th, 2024
Paylocity shares retain Buy rating after Airbase acquisition

On Thursday, Paylocity (NASDAQ:PCTY) Holding Corporation (NASDAQ:PCTY) maintained its Buy rating and a stock price target of $171.00, following the announcement of its acquisition of Airbase, a private finance and spend management solution provider.

GlobeNewswire
Sep 4th, 2024
Paylocity Announces Definitive Agreement to Acquire Airbase Inc., a Leading Spend Management Software Solution Provider

Acquisition to expand Paylocity’s total addressable market to the Office of the CFO and provide capabilities for clients to holistically manage all...

PYMNTS
Jun 20th, 2024
Amazon Doubles Down On B2B Procurement With New Business-Buyer Solutions

When the operating landscape is uncertain and dynamic, businesses must prioritize controlling for what’s controllable. And with the news Thursday (June 20) that Amazon Business, Amazon’s online business-to-business procurement store, has announced a number of new technology features designed to help large business customers simplify the way they shop for business supplies, unlocking operational leverage through tighter control over sourcing and procurement is top of mind for forward-thinking B2B firms. “Amazon Business wants to change how companies shop for supplies through our unmatched selection, deep discounts, and smart capabilities,” said Shelley Salomon, worldwide vice president of Amazon Business, in a statement. “We don’t just react to the biggest challenges our customers have shared with us; we get ahead of them with new technologies so our customers can use their resources to navigate the unexpected and continue expanding their business.”

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