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Customer Showcase Airbase

Can a full-stack procure-to-pay platform become the default financial operating layer for mid-market companies by eliminating every non-payroll spend workflow?

HQSan Francisco, CA
IndustryHorizontal SaaS / Spend Management
The story

Airbase started as a modern spend management platform targeting mid-market and early-enterprise companies, combining AP automation, guided procurement, corporate cards, and expense management in a single procure-to-pay solution. The company secured a $150M Goldman Sachs credit facility in 2022 to expand its charge card program. Paylocity acquired Airbase (year not precisely stated in evidence but case studies reference 'before Paylocity acquired Airbase'), folding the product into its HCM suite as 'Airbase by Paylocity' / 'Paylocity for Finance', extending spend management capabilities to Paylocity's existing HR and payroll customer base.

Last 12 months
2024-05
Product timeline
2022
Secured $150M credit facility from Goldman Sachs to expand corporate card program for mid-market and enterprise customers.· card
2023
Paylocity acquired Airbase; platform rebranded as 'Airbase by Paylocity' for finance teams.· acquisition
2024
Case studies published under 'Airbase by Paylocity' branding, including Assisted Reconciliation feature launch highlighted by Bushel.· banking
The stack
Lending
Charge card credit program
Accounting
NetSuiteQuickBooks
Accounting gap: none