TravelBank

b2b fintechexpense management

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 19/01/2021

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About

TravelBank is the leading all-in-one business travel and expense management platform, powering the expense and travel solution for more than 20,000 companies. Businesses improve visibility into spend with easy expense capture, seamless reports, an automated approval flow, and timely insights. And with the TravelBank booking platform, businesses gain immediate control of their travel program, reducing travel spend by 30% on average while improving employee happiness through a user-friendly design and travel rewards program. For more information, please visit TravelBank.com or download our iOS or Android app.

MEDICI Analysis

TravelBank develops a travel and expense system targeting small and medium businesses. The software predicts expenses and gives cash rewards if users can maintain their expense under the budget. It automates expenses for entire company with receipt-to-credit card pairing technology and advanced machine learning to gain productivity.

Focus

PRODUCTS & SERVICES

The platform helps businesses to track their employee expenses and approve it from their mobile device. It also helps them to encourage better spending decisions and reduce their T&E spend by offering rewards to their employees.

REVENUE MODEL

TravelBank will be free to use at first, and though it plans to monetize it doesn’t have definitive plans for now. Eventually, it could charge per-seat or a percentage of savings. They follow the bottom-up distribution process popularized by Dropbox

MAIN CLIENTS

Small and medium businesses

COMMENT

The company's patent-pending technology leverages advanced machine learning to complete the expense reports faster for both trip and local expenses to small entrepreneurs.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

11,890

AVERAGE VISITS (6 MONTHS)

23,373.22

MONTHLY VISITS GROWTH

-50.25%

VISIT DURATION

95

VISIT DURATION GROWTH

1.95%

PAGE VIEWS VISIT

2.2

PAGE VIEWS VISIT GROWTH

-17.51%

BOUNCE RATE

63.74%

BOUNCE RATE GROWTH

-6.76%

GLOBAL TRAFFIC RANK

1,321,218

MONTHLY RANK CHANGE

299,518

MONTHLY RANK GROWTH

29.32%

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