SAN FRANCISCO–(BUSINESS WIRE)–Airbase, the fastest growing and top-ranked expense management solution, today announced the appointment of Philip Lacor as chief revenue officer. Reporting to Founder and CEO, Thejo Kote, Philip will lead the company’s sales, customer success, marketing and business development teams, and consolidate efforts to accelerate growth in the midsize and enterprise sector.
“Philip joins us at the perfect time – as we enter our next wave of growth,” said Thejo Kote, Founder and CEO of Airbase. “I am thrilled to partner with someone who has a proven track record of growing businesses across multiple go-to-market strategies. We look forward to his leadership as we continue to grow our class-leading organization. world.”
Philip most recently served as CRO for codeless platform company Unqork, where he managed all go-to-market efforts including sales, pre-sales consulting, customer success, operations revenue and distribution partners. He also led the company’s expansion in Asia-Pacific. Prior to that, he was CRO at Envoy. In this role, he helped the company transform into an integrated work platform company, launch its hybrid work solution, and expand into the US and Europe.
Philip also spent four years at Dropbox, leading a global sales and customer success team of 400 employees, six years at Vodafone leading their B2B business in Germany, and more than a decade at Dell in various sales, marketing and finance roles.
“As someone who has grown many companies over the years, I recognize the critical inflection point for Airbase. The company has an undeniable product market fit, a fanatical customer base, a big mission, and n ‘just has to accelerate its growth,” said Philip. “The opportunity to join not only the booming industry of expense management, but also the market leader in this industry was too good to pass up – Airbase has by far the most comprehensive tool on the market today. I am excited to begin.
The global leader in spend management continues to go from strength to strength. Airbase has more than doubled its gross payout volume in the past six months, grown its workforce by 187% in the past 12 months, and continues to hire aggressively in today’s market. In April 2022, the company also announced a key new hire when Pipedrive’s Krishna Panicker joined as VP of Product.
The total amount raised by the company to date is $101 million, including $60 million in Series B led by Menlo Ventures in June 2021 and an investment by AMEX Ventures in February 2022. Last month, Airbase announced a $150 million credit facility from Goldman Sachs, which will fuel expanded access to credit for Airbase’s spend management customers.
The company is highly valued in the market. In July 2022, Airbase was ranked the top spend management company across multiple categories in G2’s 2022 Summer Grid® Reports and was named one of The Silicon Review’s 50 Smartest Companies of the Year. earlier this month.
About the airbase:
Airbase is the #1 comprehensive expense management platform. It combines complete accounts payable automation, software-enabled corporate cards, and simplified employee expense reimbursements. Airbase enforces consistent approval workflows across all areas, automates accounting, and provides real-time reporting for all non-salary expenses. Innovative accounting automation results in faster closing, better visibility and true control. Most companies rely on a combination of siled software products, spreadsheets, and manual workarounds to pay vendors and reimburse employees. Airbase eliminates the messy tech stack and resulting inefficient processes by replacing products like Expensify and Bill.com. Airbase gives employees a one-size-fits-all approach to spending money, whether it’s spending a corporate card, issuing a purchase order, or requesting a refund.