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Airbase
Fintech
Airbase is a San Mateo-based spend management platform that combines corporate cards, accounts payable automation, and procurement workflows for mid-sized businesses.
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Airbase was founded in 2017 by Thejo Kote with the goal of giving finance teams a single system to control company spending across corporate cards, bill payments, expense reimbursements, and procurement approvals, rather than stitching together separate point tools for each of those functions. The platform's core pitch to finance and accounting teams is guardrails without friction: employees get flexible virtual and physical cards with pre-set spending limits and approval workflows, while finance teams get real-time visibility, automated categorization, and accounting-system sync with platforms like NetSuite, QuickBooks, and Sage Intacct that reduces the manual reconciliation work traditionally required at month-end close. Airbase has focused its go-to-market primarily on mid-market companies, roughly in the 100-to-1,000-employee range, positioning itself as more configurable and finance-team-friendly than some competing spend management platforms built primarily around a rewards-driven corporate card product for startups. Its procurement and accounts-payable-automation modules extend beyond card spend to cover the full purchasing lifecycle, including vendor intake, purchase requisitions, and approval routing before a payment is even initiated, which the company has argued gives finance teams earlier visibility and control over spend commitments rather than only after the fact. Airbase has raised significant venture funding from investors including Menlo Ventures, ICONIQ Growth, and Third Point Ventures, competing in a spend-management category that includes well-funded rivals such as Ramp, Brex, and Divvy, all pursuing overlapping mid-market and growth-stage business customers with variations on corporate cards, expense automation, and finance workflow tooling.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
