TravelBank
Payments
San Francisco, California

Overall Rank: 270
Category: Payments
Category Rank: 90

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Profile

TravelBank is the all-in-one expense management and business travel platform, powering data-backed financial decisions for more than 15,000 companies. TravelBank helps reduce company expenditure by 30% on average while improving employee happiness through a user-friendly design, fast expense reimbursements, and travel rewards program. Businesses can design and deploy custom travel and work from home expense policies with ease, and create a baseline for spend that matches the needs of an organization.


Visit www.travelbank.com


Key Products

Expense Tracking


Streamline expenses and improve visibility into business spend.


Travel Management


Book flights, hotels, and cars with custom budgets and approvals.


Card Management


Travel Bank can sync with all corporate cards! Reconcile transactions and create virtual cards instantly.


All-In-One


Expense, travel, card reconciliation, and insights to control spend and unify reporting.


Premium Insights


Report on any metric. Customize and export data to monitor spend and compliance.


Integrations


Sync current software with their products for a seamless experience.


Key Executives

Duke Chung, Co-Founder and CEO


Duke founded TravelBank to make expense and travel management easier and more efficient for business professionals worldwide. Duke provides thought leadership, serves as a chief evangelist and is an active angel investor. He is a frequent speaker at industry events and conferences throughout the country including South by Southwest, GBTA and the MIT Enterprise Forum. He has been widely recognized for his efforts in pioneering innovation and has been named to Fast Company’s Fast 50, Business Journal’s 40 under 40, Top 50 SaaS CEOs of 2022, CIT Gap 50, SmartCEO magazine’s Smart100, Outstanding 50 Asian Americans in Business, Washingtonian Magazine’s Power 150 and Bisnow Media’s ‘Top 35 under 35 Entrepreneur’. Prior to TravelBank, Duke founded Parature, a customer support solution acquired by Microsoft in 2014 and utilized by millions of end users in diverse industries from government and higher education to gaming and interactive media.


Reid Williams, Co-Founder and CTO


Reid is the CTO and Co-Founder of TravelBank – a company driven to change the world of business travel by fundamentally altering the way people experience traveling for work. Reid is a lifelong technologist, getting his first job working with computers at the age of 16 years old. He joined the Marine Corps in 2005 as a systems and network administrator and deployed twice. While serving, he was recognized and awarded multiple achievement medals for going above and beyond in his craft – including the creation of multiple apps for the DoD.


After 6 years, Reid started and ran a development consultancy while attending George Washington University for his Master’s. Then in 2015, Reid co-founded TravelBank, based on the budding idea that businesses could save money on travel by incentivizing employees to spend smarter. Since then, TravelBank has delivered the next generation of travel and expense software with Reid’s leadership and guidance; challenging billion dollar incumbents in a traditionally controlled market. First, he created a patent pending algorithm to create budgets for business trips before employees went on the road. Afterwards, he led the team in building an expense platform that helps businesses reward their employees for making better decisions.


Most recently, Reid helped the team deliver a modern corporate booking experience to help lead the digital transformation of business travel. Along the way, Reid built a team of 70 employees from around the world and has helped the company raise $35m in funding while serving 120,000 users in 2,000 companies.


Dena Fradette, Head Of Partnerships


Dana Fradette is the Head of Partnerships at TravelBank. She is a strategic leader with over 15 years’ experience in business development & strategy, marketing, advertising, and partner & channel management. Fradette has high-tech, fast paced experience in travel, online advertising, marketing, e-commerce, software, and education industries. She has a track record of successful partner growth and management, working for early stage startups as well as Fortune 500 companies. Fradette has expertise in corporate and business strategy, new customer acquisition, strategic planning with tactical execution, domestic & international business development, product management, research development, traditional and online advertising, brand and product marketing, corporate development, leadership, identifying talent and team building. She has historical success in researching and signing key partners, customers, and vendors; commercializing challenging business opportunities; monetizing new markets; and forging long-term strategic partnerships with focus on annuity streams


Customer Insights

“TravelBank allows our policy to be built right into the booking platform for better controls, savings, and user experience.“ – Kyle Chorazyczewski, Procurement Manager, GrubHub


 


“It was really simple to bring our entire team onto TravelBank, and our employees couldn’t wait for us to turn on the new savings and rewards feature!“ – Jay Srinivasan, CEO & Co-Founder, Atspoke


 


“TravelBank’s all-in-one travel and expense solution costs 50% less than the expense provider we were using.“ – Olivier L’abbé, President, Metadata.io


 


“We previously used Egencia, but we wanted an all-in-one solution that included in-house expense management so we could see how much we were spending.” – Neal, Sonacare Medical


 


“TravelBank has allowed us to track our spending with fantastic reporting and analytics. This helps us budget accurately and monitor spending habits.“ – Raymond, Lendinghome


 


“It probably took us six times longer to work with Excel than TravelBank. I’m excited to see where TravelBank is going in the future.“ – Marshall, Fiscalnote


 


“My co-worker sent a report to me, and I’m thinking ‘Why are we not using this?’ It sped things up so much that I’m able to get this done in less than a day now.“ – Sherrie, Onramp