Yokoy
Yokoy is a Swiss fintech founded in 2019 that built an AI-powered spend management platform automating expenses, invoicing, and corporate cards for mid-market and enterprise customers across Europe, acquired by TravelPerk in January 2025 and rebranded as Perk.
- Company typePrivate
- Founded2019
- HeadquartersZürich, Switzerland
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Yokoy does
Yokoy is a Swiss financial technology company founded in 2019 in Zurich that built an AI-powered spend management platform for mid-sized and enterprise organizations. Its core products automate expense reporting, invoice processing, and corporate card management, using machine learning for receipt capture, transaction matching, policy compliance enforcement (claimed 95% compliance rate), and intelligent invoice routing. The platform exposes a developer API and integrates with HR, finance, and ERP systems through the Perk Marketplace, and offers co-branded card products with UBS and Visa. Customer logos span enterprise retail (Lush, On, Fabletics), technology (Wise, Adyen, TeamViewer, GetYourGuide), and manufacturing (Fujifilm).
Yokoy operates a hybrid go-to-market combining self-serve sign-up (app.perk.com) for smaller customers with direct enterprise sales for larger accounts. Revenue is generated primarily through SaaS subscriptions on a quote-based annual billing model, supplemented by transaction fees on VISA business cards. Following a $26 million Series A in October 2021 and an $80 million Series B in March 2022 led by Sequoia Capital at a $500M+ post-money valuation, Yokoy expanded across Europe with offices in Madrid and Amsterdam, and acquired FlowExpense in November 2020 to broaden its expense technology footprint.
In January 2025, Yokoy was acquired by Spain-based corporate travel platform TravelPerk and rebranded as Perk, becoming the spend management layer of an integrated travel and expense platform that combines travel booking (flights, rail, accommodation, car rental), events management, corporate cards, and AI-driven expense and invoice automation serving 12,000+ combined customers.
Yokoy firmographics
Firmographics- Name
- Yokoy
- Legal name
- Yokoy Group AG
- Website
- https://yokoy.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Yokoy is a Swiss fintech founded in 2019 that built an AI-powered spend management platform automating expenses, invoicing, and corporate cards for mid-market and enterprise customers across Europe, acquired by TravelPerk in January 2025 and rebranded as Perk.
- Ownership category
- akta.pro rank
Yokoy industry classification
Industry- Product category
- Expense Management Software
- NAICS
- Travel Agencies (561510), Other Travel Arrangement and Reservation Services (56159)
- SIC
- Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Corporate Travel & Expense Booking Platforms (BPAMAIAI)
- akta.pro secondary industries
- Payments, Expense & FinTech Strategy (Card Programs/Settlement) (THACAMAI), Budgeting, Forecasting & Cost Allocation (Project/Cost Center/Client) (THACADAG), Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH), Per Diem & Mileage Management (THACADAJ), Group Travel Payments & Billing (Central Billing, Virtual Cards) (THACAFAK), Bill Management & Subscription Management (FSAGADAG), Budgeting & Cash-Flow Management (FSAGADAA)
Keywords
Where Yokoy is headquartered
LocationHeadquarters
- HQ city
- Zürich
- HQ country
- Switzerland
- HQ region
- Europe
Offices3 records
Markets served
Yokoy business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- SaaS Subscription: Primary revenue stream from SaaS subscription model for platform access to expense management, invoice processing, and credit card management services
- VISA Business Card: Revenue generated from corporate VISA card offerings integrated with the spend management platform
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise and mid-market pricing tiers available |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels8 records
Yokoy product offering
Product offeringCore offering
Yokoy provides an AI-powered spend management platform that automates corporate expense reporting, invoice processing, and credit card reconciliation for mid-sized and enterprise companies. Following its January 2025 acquisition by TravelPerk, the platform (now branded Perk) integrates travel booking with expense management, offering corporate cards, real-time policy compliance, and ERP/finance system integrations.
Product overview
Perk (formerly Yokoy) is an intelligent platform combining travel and spend management into a unified solution. The core platform integrates travel booking (flights, rail, accommodation, car rental) with spend management (expense reporting, invoice automation, corporate cards). Product portfolio includes the Perk platform as the central hub, with specialized add-on modules including Perk Card, Lodge Card, UBS Corporate Card, Visa Corporate Card, Expense Integrations for European and North American markets, AI-Powered Invoice Automation, Events Management, and the Perk Marketplace for third-party integrations. The platform serves mid-sized and enterprise organizations with AI-driven automation across travel and financial workflows.
Differentiator
Problem solved
Functional benefit
Products and services
- Perk Platform (formerly Yokoy) Intelligent unified platform combining travel booking and spend management, integrating travel management, expense reporting, invoice automation, and corporate card solutions for enterprise finance teams.
- Travel Management
- Spend Management AI-powered spend management covering expense integrations, workflow automation, and intelligent spend controls for European and North American markets.
- Events Management
- Perk Card Corporate spending card solution providing physical, virtual, and Lodge card options with policy-driven spending controls and real-time expense tracking.
- AI-Powered Invoice Automation Intelligent invoice processing using AI for automated data extraction, intelligent routing, approval workflows, and receipt matching.
Quantifiable outcome
- Automates 90% of expense processing for customers like On
- +4 more outcomes
Companies that use Yokoy
Customer profileNamed customers20 records
Segments5 records
Ideal customer profiles2 records
Yokoy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature6 records
Yokoy partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered minor and flagship.
- SwisspreneurminorYokoy co-founders Lars Mangelsdorf and Philippe Sahli co-lead the Swisspreneur Scaleup Circle community, actively deploying capital through the Swisspreneur Syndicate for post-Series A founders.
- TravelPerkflagshipYokoy was acquired by TravelPerk in January 2025 for an undisclosed amount. The acquisition created an integrated travel and expense management platform, combining Yokoy's AI-powered spend management with TravelPerk's corporate travel booking capabilities. TravelPerk raised $200 million Series E funding at $2.7 billion valuation to support this acquisition.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
Yokoy competitors and assessment
Company assessmentBroad incumbents
- SAP Concur: Market-leading corporate travel and expense management suite from SAP. Directly competes with Yokoy/Perk in expense automation, travel booking, and invoice processing, serving enterprise and mid-market customers globally.
Direct peers
- Expensify: Public expense management SaaS platform offering receipt scanning, card reconciliation, and corporate card integration. Closely comparable to Yokoy's core expense automation functionality and target customer base of mid-market companies.
- Brex: AI-powered corporate card and spend management platform combining cards, expense, bill pay, and travel. Directly competes with Perk in the integrated spend-stack category, particularly for venture-backed and enterprise customers.
- Ramp: Corporate card and spend management platform offering expense automation, bill pay, and procurement. Directly comparable to Yokoy's combined card-plus-expense offering, serving similar mid-market and enterprise customers.
- TravelPerk: Corporate travel booking and management platform that acquired Yokoy in January 2025. As the parent and integrated booking counterpart to Yokoy's spend tech, it is the most strategically linked peer and joint platform.
- Spendesk: European spend management platform offering cards, expense reporting, and invoice automation. Closely comparable to Yokoy in product scope and European mid-market customer focus, making it a direct regional peer.
- Pleo: European corporate card and expense management platform serving SMBs and mid-market. Comparable to Yokoy on the cards-plus-expense combination and on European geographic focus.
- Airbase: All-in-one spend management platform combining corporate cards, expense, bill pay, and procurement. Comparable to Yokoy on integrated spend automation, particularly for US-based mid-market companies.
- Emburse: Expense and AP automation platform serving enterprise customers with travel, expense, invoice, and card solutions. Directly comparable to Yokoy on enterprise expense automation focus and travel-expense integration.
- Navan (formerly TripActions): Corporate travel booking and expense management platform combining travel management with corporate cards and expense. Closely aligned with the post-acquisition Perk/TravelPerk integrated T&E proposition.
Market position
Strengths5 records
Weaknesses2 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Yokoy social profiles
Digital presenceYokoy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yokoy leadership team
Management profileNumber of profiles
Profiles5 records
Yokoy funding detail
Funding detailFunding overview
Funding rounds4 records
Investors12 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yokoy M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yokoy
What does Yokoy do?
Yokoy provides an AI-powered spend management platform that automates corporate expense reporting, invoice processing, and credit card reconciliation for mid-sized and enterprise companies. Following its January 2025 acquisition by TravelPerk, the platform (now branded Perk) integrates travel booking with expense management, offering corporate cards, real-time policy compliance, and ERP/finance system integrations.
Is Yokoy a public or private company?
Yokoy is a private company. It is classified as corporate owned and is currently acquired.
When was Yokoy founded?
Yokoy was founded in 2019. It employs 101 to 250 people.
Where is Yokoy based?
Yokoy is headquartered in Zürich, Switzerland, in the Europe region.
How does Yokoy make money?
Two revenue lines are on record. SaaS Subscription is the primary driver. The others are VISA Business Card.
Who are Yokoy's main competitors?
SAP Concur is listed as a broad incumbent. Direct peers are Expensify, Brex, Ramp, TravelPerk, Spendesk, Pleo, Airbase, Emburse and Navan (formerly TripActions).
Does Yokoy have an API?
Yes. Developer API for Perk platform integration. Developer documentation available at https://developer.yokoy.ai/
What industry is Yokoy in?
Yokoy's product category is Expense Management Software. Its primary akta.pro industry code is BPAMAIAI, Corporate Travel & Expense Booking Platforms, with a secondary code of THACAMAI, Payments, Expense & FinTech Strategy (Card Programs/Settlement). Its NAICS code is 561510 and its SIC code is 6159.