TravelBank will become part of the U.S. Bancorp portfolio of businesses following an acquisition announced this week.
Details of the deal have not been disclosed.
U.S.-based TravelBank, a member of the PhocusWire Hot 25 Travel Startups for 2020 collection, is a travel and expenses management platform.
It was founded in 2015 by Duke Chung.
The company most recent funding round came via Dreamer’s VC, the venture capital fund set up by Japanese soccer player Keisuke Honda and American actor Will Smith.
Chung says: “We created TravelBank to provide a single experience for expense reporting and travel management. Our combined offering with U.S. Bank will be the most comprehensive expense, travel and…