# Airbase

> Airbase is a spend management software company acquired by Paylocity in October 2024. Its platform combines accounts payable automation, corporate cards, expense management and guided procurement, connecting purchasing approvals and payments to accounting systems. It historically targeted companies with 100 to 5,000 employees; its capabilities are now marketed through Paylocity for Finance.

- **Founded:** 2017
- **Headquarters:** San Francisco, United States
- **Founders:** Thejo Kote (Founder and CEO at the time of acquisition)
- **Products:** Accounts Payable Automation, Expense Management, Corporate Cards, Guided Procurement
- **Notable:** Reported more than 500 clients at acquisition announcement in September 2024., Raised a $60 million Series B at a $600 million valuation in June 2021., Launched Guided Procurement in April 2023.

## Products & services

- **Accounts Payable Automation** — Invoice capture and coding, approval routing, purchase-order matching and vendor payments connected to the general ledger.
- **Expense Management** — Receipt capture, expense categorization, policy checks and domestic and international reimbursements.
- **Corporate Cards** — Physical and virtual cards with spending controls, receipt matching and accounting automation; eligible external card integrations.
- **Guided Procurement** — Customizable purchase intake and approval workflows involving finance, procurement, legal and IT. Launched April 2023.

## Achievements

- Reported more than 500 clients at acquisition announcement in September 2024.
- Raised a $60 million Series B at a $600 million valuation in June 2021.
- Launched Guided Procurement in April 2023.
- Acquired by Paylocity on October 1, 2024.

## Latest updates

- **2024-09** — Paylocity announced an agreement to acquire Airbase for approximately $325 million in cash, subject to customary adjustments.
- **2024-10** — Paylocity completed the Airbase acquisition on October 1.
- **2026-09** — As observed during research, Airbase’s website directs visitors to Paylocity and the acquired spend capabilities are marketed within Paylocity for Finance; this is an observation date, not a claimed rebranding date.

## Links

- Website: https://www.airbase.com/
- LinkedIn: https://www.linkedin.com/company/airbaseinc/
- Twitter/X: https://twitter.com/AirbaseHQ
- Facebook: https://www.facebook.com/Paylocity

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Profile page: https://yespress.io/airbase
Published by YesPress — https://yespress.io
Last updated: 2026-09-30