“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?”
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.