Rocketrip reduces business travel costs by giving employees a clear incentive to spend less on their trips. The platform produces custom budgets based on real-time pricing data and a company’s travel policy guidelines. If employees beat their budgets, they keep half of the savings they generate. Rocketrip gives employees greater autonomy over their spending decisions and a greater stake in their company’s bottom line. Employees earn rewards, and their companies save on a major expense. It’s a win-win approach trusted by clients including GE, Edmunds, and Twitter. Founded in 2013 and headquartered in New York City, Rocketrip’s investors include Bessemer Venture Partners, Canaan Partners, and Y Combinator.
SOURCE: CRUNCHBASE