Thursday, 5 September, 2024

Paylocity Acquires Corporate Spend Startup Airbase for $325 Million

Paylocity has announced its acquisition of Airbase, a corporate spend management startup, for $325 million. This acquisition strengthens Paylocity’s suite of financial tools aimed at streamlining expense management for companies. Airbase's platform focuses on corporate spending, vendor payments, and employee reimbursements, which will now integrate into Paylocity’s broader HR and payroll services, expanding its offerings for business clients.