What Perk (formerly TravelPerk) does

Perk (formerly TravelPerk) is an AI-native platform that integrates corporate travel booking, expense management, invoice processing, and corporate cards into a single unified system for over 12,000 customer companies worldwide. Founded in 2015 in Barcelona and now operating with dual headquarters in Boston and London, the company serves primarily SMB and mid-market buyers alongside named enterprise accounts such as Lush, On Running, Fujifilm, Bolt, and Fabletics across technology, retail, manufacturing, transportation, education, and nonprofit verticals. The platform exposes proprietary agentic AI for autonomous trip management and live disruption rebooking, AI-driven expense capture with receipt photo matching, anomaly detection for policy breaches, automated invoice labeling and routing, and AI-powered event venue matching; these capabilities are credited with improving gross margins from 40% to mid-70s over three years. The product surface extends beyond core booking to include Perk Card (corporate cards with policy controls), FlexiTravel (cancellation protection), Green Trip (sustainability tracking), VIP Experience, embedded insurance, and a 24/7 support layer with a stated one-minute response target.

Perk monetizes through subscription-based Premium and Pro tiers with quote-based enterprise pricing, premium add-on modules, transactional revenue tied to corporate card interchange, and ancillary services such as VAT recovery. The go-to-market is hybrid — product-led self-serve for SMBs via app.perk.com, inside sales for mid-market demo requests, and enterprise field sales for large accounts — supported by 12 offices across the US (Boston, Chicago, Los Angeles, Miami, Agoura Hills), the UK (London, Birmingham, Edinburgh), and continental Europe (Barcelona, Amsterdam, Berlin, Munich, Zurich). The company has scaled distribution through a series of acquisitions (AmTrav in June 2024 for US presence, Yokoy in January 2025 for spend management, plus earlier deals for Click Travel, Susterra, NexTravel, and Albatross API) and a partnership network that includes Amadeus for NDC content, Airbnb for accommodation inventory, Cirium for emissions data, CLEAR for traveler security access, and a marketplace of 100+ integrations across HR, finance, and expense platforms.

As of mid-2026, Perk reports over $300 million in annualized revenue with 48% year-over-year growth, EBITDA break-even achieved at the end of 2024, a $2.7 billion valuation following the January 2025 Series E, and a $300 million private credit facility led by Neuberger Specialty Finance to fund the upcoming US launch of its integrated spend platform. Cumulative equity funding exceeds $1 billion across rounds led by SoftBank Vision Fund 2, Atomico, EQT Growth, Greyhound Capital, Kinnevik, and DST Global, with the company employing approximately 1,800 people globally.

Name

Perk (formerly TravelPerk)

Legal name

Perk Platform SLU

Website

https://perk.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Perk (formerly TravelPerk) is an AI-native platform integrating corporate travel booking, expense management, invoice processing, and corporate cards for over 12,000 SMB, mid-market, and enterprise customers globally. Headquartered in Boston and London, the company processes more than $2.5 billion in annualized gross booking volume.

Ownership category

akta.pro rank

Product category

Corporate Travel & Spend Management

NAICS

Travel Agencies (56151), Travel Agencies (561510), Other Travel Arrangement and Reservation Services (56159)

SIC

Transportation Services (4700)

akta.pro primary industry

Group Travel Payments & Billing (Central Billing, Virtual Cards) (THACAFAK)

akta.pro secondary industries

Per Diem & Mileage Management (THACADAJ), Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

Keywords

• Corporate travel management
• Business travel platform
• Expense management software
• Corporate spend management
• Travel booking software

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices12 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Premium Add-ons: Additional revenue from premium features such as FlexiTravel (flexible cancellation/refund protection), Green Trip (sustainability tracking), VIP Experience (executive concierge), Medical and Baggage Insurance, and 24/7 support add-ons.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Perk is an AI-native business travel and spend management platform that combines corporate travel booking, expense management, invoice processing, and corporate cards in a single integrated solution. The platform automates booking, policy compliance, approvals, and reconciliation for businesses of all sizes, supported by 24/7 human travel support and a network of travel, lodging, and ground-transport suppliers.

Product overview

Perk (formerly TravelPerk) is an AI-native travel and spend management platform offering a unified solution combining travel management, expense management, and spend management. The core platform includes Travel Management for booking flights, rail, accommodation, and car rental; Spend Management (Europe) with expense processing, workflow automation, and corporate cards; Expense Management (North America) with third-party integrations; and an Events Platform for group travel and corporate events. Add-on modules include FlexiTravel (cancellation protection), Green Trip (sustainability), VIP Experience (executive perks), Medical and Baggage Insurance, Perk Card (corporate cards), and 24/7 support. The company has expanded through acquisitions including AmTrav (US market), Yokoy (spend management), Click Travel (UK), and Susterra (sustainability). With dual headquarters in Boston and London, Perk serves over 12,000 customer companies across 12 offices worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• AmTrav: US-based business travel management platform acquired by Perk in 2024, operating under the American Travel Solutions LLC entity
• Perk Card
• FlexiTravel
• Green Trip
• VIP Experience

Quantifiable outcome

• Crossed $300 million in annualized revenue in 2025 with 48% year-over-year growth
• +9 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability5 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and strategic.

• CLEARcoreStrategic or Co-development Partner · 16 May 2026Perk announced an industry-first partnership with CLEAR in May 2026, offering business travelers preferred pricing on CLEAR+ membership, CLEAR Concierge, and TSA PreCheck. CLEAR+ membership grants travelers from more than 40 countries access to over 150 CLEAR+ Lanes across 60 US airports, with eGates enabling passage through security in seconds. The Perk US VP of Revenue stated the partnership removes friction points from business travel, positioning seamless travel as a competitive advantage.
• Craft Media LondonstrategicGTM or Marketing Partner · 15 December 2025Perk appointed Craft Media London, a strategy consultancy, to execute its global brand launch campaign as part of the rebrand from TravelPerk to Perk. The agency is responsible for strategic positioning of the brand transformation.
• GoodstuffstrategicGTM or Marketing Partner · 15 December 2025Perk appointed media agency Goodstuff to execute its global brand launch campaign, with creative work developed by AnalogFolk. The multi-channel campaign runs across owned, earned, and paid media including business podcasts, major publications, and outdoor advertising in key cities (LA, NYC, London).
• CiriumcoreTechnology or Integration · 4 December 2025Cirium, a London-based aviation analytics company, partnered with Perk to integrate its EmeraldSky flight emissions tracking data into Perk's platform for corporate travel customers. Through this partnership, Perk's 10,000+ customer companies gain access to precise, science-based CO₂ tracking at the point of flight search and post-travel, supporting sustainability reporting and regulatory compliance. The deal strengthens Perk's position as a sustainability-focused platform.
• AmadeuscoreTechnology or Integration · 10 October 2025Perk expanded its distribution agreement with Amadeus to include expanded NDC (New Distribution Capability) content, strengthening Perk's flight inventory and content access through the Amadeus platform. This expanded partnership supports Perk's position as a comprehensive business travel platform.

Scale indicators20 records

Recent moves7 records

Expansion highlights6 records

Emerging players

• Expensify: Expensify is a public expense management platform with receipt scanning, card transaction matching, and corporate card products — partially overlaps with Perk's expense management capabilities and integrates with its travel booking product.
• Ramp: Ramp is a fast-growing spend management platform with corporate cards, expense automation, and increasingly travel booking — directly overlaps with Perk's Yokoy/expense side and is expanding into the same travel product surface.
• Brex: Brex is a corporate card and spend management platform that competes with Perk's spend and expense management product line; both target fast-growing companies with integrated cards, expense automation, and policy controls.
• Spotnana: Spotnana is an emerging technology-forward corporate travel platform offering agentic AI booking and a modern TMC infrastructure stack; competes with Perk in the modern mid-market and enterprise segment with a similar AI-native value proposition.

Broad incumbents

• BCD Travel: BCD Travel is a global corporate travel management company serving large multinational clients with traditional TMC services plus digital tools; overlaps with Perk primarily in the mid-market and on travel inventory aggregation.
• SAP Concur: SAP Concur is the dominant incumbent in corporate travel and expense management, serving large enterprises with deep ERP integration; overlaps with Perk on T&E but typically sold to Fortune 500 customers rather than Perk's mid-market focus.
• American Express Global Business Travel: Amex GBT is one of the largest corporate travel management companies globally, serving large and mid-market enterprises with traditional TMC services and newer technology products — a broad incumbent competing with Perk across most of its customer base.
• CWT: CWT is a long-established global corporate travel management company offering booking, expense, and meetings services; competes with Perk in mid-market and enterprise corporate travel with a more traditional service-led model.

Direct peers

• TripActions: TripActions (now Trip.Biz) is a direct competitor in AI-native corporate travel and expense management, serving SMB through enterprise with similar self-serve booking, corporate cards, and real-time policy controls that directly overlap Perk's core offering.
• Navan: Navan is a direct competitor offering an integrated corporate travel and expense management platform targeting SMB and mid-market — the same core customer and product category as Perk (formerly TravelPerk), with overlapping AI-driven booking, card, and expense features.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries4 records

Funding overview

Funding rounds14 records

Investors24 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Perk (formerly TravelPerk)