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FinTech 2021

TripActions’s new Israeli R&D Center is “like joining Amazon 20 years ago”

At Calcalist’s FinTech2021 conference, Co-founder and CEO Ariel Cohen talks about the possibilities and future plans for the company

James Spiro | 12:42  04.07.2021

Following the launch of a R&D Center in Israel, TripActions Co-founder and CEO Ariel Cohen believes that now is the best time for young tech talent to join its growing base. Even though the company has 1,200 employees globally, the local R&D Center is only three months old with 10 employees.

TripActions is a travel management company for businesses and business travelers. Following a steep decline in travel last year due to the pandemic, the company pivoted and accelerated the development of a credit card-type device for employees to spend money when traveling abroad.

“On the one side we are fairly big, our valuation is $5 billion,” Cohen explained. “On the other hand, we are pretty much at the beginning. We are thinking about ourselves as the Amazons of the world, the Netflixes of the world. So it’s kind of a 20-year journey. If you join us today, it’s like joining Amazon 20 years ago.”

You can watch the entire exchange in the video above.

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