BBVA provides BizAway €10 million to buy Dutch firm Uniglobe Alliance Travel

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BBVA has given BizAway €10 million in financing to help pay for Uniglobe Alliance Travel, a Dutch corporate travel specialist. The money has support from the European Union and the European Investment Fund under InvestEU, so the deal involves a bank, an EU programme and a fund, all so that one travel company can buy another.

BizAway was founded in Italy and Spain in 2015. It sells companies one platform for booking and managing business trips, plus round-the-clock help from its own staff. It serves more than 2,000 companies across Europe and the Middle East and now wants more of them in the Benelux.