Company Overview
Snapshot
Founded in May 2006 by Ehud Kremer and Avi Krudo, TRIPEX operates with 11–50 employees. The company rebranded from Combites and is actively pursuing global expansion, particularly in Asia.
Business overview
TRIPEX provides comprehensive travel expense management solutions for corporations and small to medium enterprises. Its core technology is a business platform that offers real-time control and supervision of all travel and expense activities. The system enables precise monitoring of business travel budgets, manages initial travel requests and approvals, handles trip management, and interfaces with travel agents' systems and global distribution systems for synchronized information, accounting, and expense report approval. TRIPEX operates within the Business Software sector, specifically focusing on Operations Solutions and Human Resources Management, serving enterprise and professional services customers.
Strategic signal
In April 2024, TRIPEX, formerly Combites, announced a strategic focus on global expansion, particularly targeting Asian markets such as the Philippines and South Korea, with plans to enter two additional Asian countries annually. This move signals the company's ambition to leverage its established market dominance in Israel (over 80% market share) and its 30% annual growth rate to scale internationally, indicating a strong growth trajectory and potential for increased market penetration in new regions.
Log in to access full profile ›Company Intelligence Q&A
- What is TRIPEX's primary focus for business growth?
- TRIPEX is focused on global expansion, particularly in Asia, with plans to enter two new Asian countries annually, starting with the Philippines and South Korea. This strategy builds on its strong market position in Israel.
- What was a key development for TRIPEX in April 2024?
- In April 2024, TRIPEX, previously known as Combites, announced its rebranding and a strategic initiative to expand its business travel expense optimization system into international markets, specifically targeting Asia.
- What is the primary function of TRIPEX's platform?
- TRIPEX's platform provides an end-to-end system for optimizing business travel expenses, allowing companies to manage travel requests, approvals, trip logistics, and integrate with travel agents and global distribution systems for cost-effective travel management.
- Which markets does TRIPEX currently dominate?
- TRIPEX holds over 80% of the Israeli business market for travel expense management, with its solutions used by 1,270 companies across 63 countries.
- What is the annual transaction volume processed through TRIPEX's system?
- TRIPEX's system processes an annual transaction volume of approximately $1.2 billion for its customers.