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Airbase

Provider
Spend / AP

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 3 companies across 1 category.

airbase.com ↗Also analysed as a company — its own stack →
CategoriesSpend / AP
Rank#20 of 74 in Spend / AP
Buyers3 companies
HeadquartersSan Francisco, CA, USA
Founded2016
FoundersThejo Kote
Raised$~120M (equity) + $150M credit facility

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Founders & story · from Airbase’s own dossier

Founded in 2016 as a spend management platform targeting mid-market companies, Airbase differentiated itself from pure-play card issuers like Brex by building an all-in-one procure-to-pay suite covering corporate cards, bill payments, purchase orders, and expense reimbursements with deep accounting automation. The 2022 Goldman Sachs credit facility signaled a move toward becoming a balance-sheet-backed card program rather than just a software layer. The 2024 acquisition by Paylocity for $361M completed a strategic pivot toward being the non-payroll finance layer of a broader HCM platform, positioning Airbase as 'Paylocity for Finance' — unifying payroll and spend management on one platform for mid-market businesses.

Latest round: M&A (acquired by Paylocity, 2024)
Recent developments
  • 2024-10Airbase acquired by Paylocity for approximately $361M; rebranded as 'Airbase by Paylocity' and integrated with Paylocity's HCM platform as 'Paylocity for Finance'. source ↗
  • 2025-01Named a Visionary in the 2025 Gartner Magic Quadrant for Accounts Payable Applications. source ↗
Full dossier: Airbase’s own stack, layer by layer →
Who uses Airbase
3 companies disclose Airbase in their stack
MedelyAmerican ExpressForge Global
Buyer mix · 3 of 3 classified
Bank / National · 1Fintech / Investment · 1Marketplace / Gig economy · 1
US · 3
What the disclosures say
Medely
“Paylocity case study at paylocity.com/why-paylocity/case-studies/medely/ explicitly describes Medely implementing Airbase by Paylocity for spend management, replacing Ramp, alongside NetSuite, cutting time-to-close from 12 to 6 days.”
Forge Global
“Forge Global's sub-processor list (via sub-processors.com) lists Airbase for spend management software.”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Airbase? Claim this profile above to unlock your own full list.
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What Airbase runs on · from its own dossier
The third-party providers Airbase itself discloses, layer by layer — the vendor as a buyer. Distinct from the companies above that disclose Airbase.
Sponsor Bank
Sutton Bank
BaaS
Sutton Bank
Full dossier with evidence for each layer →
Alternatives to Airbase

Other Spend / AP providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

BILL40 buyers →Brex38 buyers →Ramp27 buyers →Tipalti19 buyers →Pleo14 buyers →findity11 buyers →Melio10 buyers →Pliant9 buyers →
Share this rank

An embeddable badge for Airbase’s own site — it always shows this page’s current rank, so it stays accurate as new disclosures land. States its own denominator; never claims a number this page doesn’t.

Ranked #20 of 74 in Spend / AP — Embedded Finance Index 2026
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<a href="https://www.embeddedfinanceindex.com/vendors/airbase?ref=badge">
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       alt="Ranked #20 of 74 in Spend / AP — Embedded Finance Index 2026">
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Airbase — frequently asked

Which companies use Airbase?

3 companies are linked to Airbase in the Embedded Finance Index 2026, through their own public disclosures or Airbase's published customer list, including Medely, American Express and Forge Global.

What does Airbase do?

Airbase is an embedded-finance provider in Spend / AP. It ranks #20 of 74 Spend / AP providers by linked companies.

What are the alternatives to Airbase?

The most-named Spend / AP alternatives to Airbase are BILL (40 buyers), Brex (38 buyers), Ramp (27 buyers), Tipalti (19 buyers), Pleo (14 buyers) and findity (11 buyers).

Who founded Airbase?

Airbase was founded by Thejo Kote and is founded in 2016, headquartered in San Francisco, CA, USA.

How much funding has Airbase raised?

Airbase has raised $~120M (equity) + $150M credit facility in total.

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