TravelBank, the travel and entertainment expense management solution, has raised $25 million in its Series B.
The company recently announced its AutoRewards feature, which allows travelers to book flights with a unique interface: rewards points value. This provides a different incentive for companies to encourage more financially responsible travel, as rewards points actually increase as the price decreases.
This mechanic upends the traditional “more gets more” model of rewards points. And as the majority of airlines evolve into a spend-based earnings model, many companies might want help encouraging their travelers to book responsibly.
TravelBank launched in 2016 as a mobile-first expense reporting service and now has 30 employees.
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