What is Fare Audit?
Established in 1987 and operating as a subsidiary of Partnership Travel Consulting, Fare Audit, Inc. distinguishes itself as an independent corporate travel audit specialist. The firm leverages advanced technologies and seasoned auditors to conduct pre-departure audits, a proactive approach focused on identifying cost-saving opportunities for corporate travel clients before trips commence. Unlike post-travel re-shopping tools, Fare Audit's methodology centers on ensuring cost-effectiveness and optimizing travel arrangements at the planning stage, thereby enhancing overall corporate travel management efficiency.
How much funding has Fare Audit raised?
Fare Audit has raised a total of $18K across 1 funding round:
Debt
$18K
Debt (2021): $18K with participation from PPP
What's next for Fare Audit?
The recent infusion of moderate growth capital, situated within a Series A/B growth stage context, suggests Fare Audit is poised for significant operational scaling and market penetration. This strategic financing is likely to fuel further development of its proprietary auditing technologies and expand its client acquisition efforts. The company's focus on pre-departure audits positions it to capitalize on the increasing demand for sophisticated travel expense management solutions, potentially leading to further investment rounds as it solidifies its market leadership.
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