Conferma

What Conferma does

Conferma is a UK-based financial technology company founded in 2005 and headquartered in Manchester, specializing in virtual card payment infrastructure for B2B corporate travel. Its core platform connects card issuers, travel management companies (TMCs), hotels, and corporate clients, enabling the issuance, delivery, and reconciliation of single-use virtual cards for business travel transactions. Conferma reports approximately 630,000 virtual cards issued per week, integration with 90+ card issuers and 90,000+ hotels, and customer reach across 60+ countries, with 150+ currencies supported. The product surface is organized around Conferma Connect (hotel payment communication), Conferma Connect Direct (API-driven delivery of virtual card details directly into hotel property management systems), the Conferma Platform and Developer Solutions (JSON/XML APIs connecting to 75+ card issuers), the Conferma Mobile App, and the Snap/Snap+ reconciliation and data enrichment suite that consolidates expense data from 75+ banks and 150+ purchasing platforms. Strategic integrations with Oracle OPERA Cloud, Mews, and SynXis Property Hub embed Conferma within the dominant hotel PMS systems, while the Hilton deployment (the first global rollout of API-direct virtual card delivery into a major hotel group's PMS) anchors the flagship reference account.

The company operates a B2B2B go-to-market model, distributing its technology through enterprise direct sales, card issuer networks (Visa, Mastercard, JP Morgan, HSBC, American Express, Brex, US Bank), TMC channels (BCD Travel, CWT, AmEx GBT, Flight Centre Corporate, Trip.Biz), and embedded API partnerships with technology providers. Revenue is generated from three streams: transaction fees on processed virtual card payments, recurring platform and API subscription services, and premium data enrichment and reconciliation services through Snap+. Pricing is not publicly disclosed and follows a quote-based enterprise model with annual billing. Conferma is privately held and privately funded, with the most notable capital event being Sabre Corporation's 2022 acquisition of Conferma Pay and a simultaneous minority investment by Mastercard. The company maintains a 98% customer retention rate and reports quantifiable client outcomes including 87% lower fraud claims and 60% reduction in reconciliation tasks for corporate travel programs using its platform. In 2024, Conferma completed a major rebranding and relocated to a 15,000 sq ft Manchester headquarters, with headcount of 150+ and a stated growth plan toward 200+ employees. Mark Ledsham was appointed CEO in January 2026.

Name

Conferma

Legal name

Conferma Limited

Website

https://conferma.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Conferma is a UK-based fintech that provides virtual card payment infrastructure connecting 90+ card issuers, 90,000+ hotels, and global TMCs for B2B corporate travel, processing roughly 630,000 virtual cards weekly across 60+ countries via API-driven reconciliation and PMS-embedded delivery.

Ownership category

akta.pro rank

Product category

Virtual Card Payment Platform

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Travel Payments & Virtual Cards for Corporate Travel (THALAMAJ)

akta.pro secondary industries

Virtual Card Issuance & Tokenized Corporate Cards (THACAJAA), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB), Travel Payments, Virtual Cards & Reconciliation Solutions (THAKANAI), Embedded Card Issuing & Card-as-a-Service (FSAGALAC), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Virtual card payments
• Corporate travel payments
• B2B payment automation
• Virtual card platform
• Travel payment technology

Headquarters

HQ city

Manchester

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Virtual Card Transaction Processing: Revenue generated from processing virtual card payments between corporates, hotels, and card issuers. The platform facilitates B2B travel payments, earning transaction fees for each virtual card issued and processed.
2. Platform and API Services: Subscription-style access to the Conferma platform, API integration services, and reporting tools for corporate clients, TMCs, and hotel partners.
3. Data Enrichment and Reconciliation Services: Premium data enrichment services (Snap+) providing line-item invoice matching and detailed spend analytics for hotel transactions, delivered as an add-on to core platform services.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

Conferma operates a virtual card payment platform that enables secure, digital B2B payments for corporate travel. The platform connects banks, travel management companies, hotels, and corporate clients through a centralized API infrastructure that automates virtual card issuance, delivery directly into hotel property management systems, reconciliation, and expense reporting. Core products include Conferma Connect, Conferma Connect Direct (API-driven PMS integration), Snap/Snap+ data enrichment, and Conferma Online virtual card deployment.

Product overview

Conferma operates a platform-plus-modules architecture built around its centralized virtual payment platform. The core offering consists of virtual card and payment technology that connects businesses, 90+ card issuers, and 90,000+ hotels globally. Key products include Conferma Connect Direct (API-driven PMS integration recognized as Best Technology Integration 2026), Conferma Connect (hotel payment communication), Conferma Online (virtual card deployment), Conferma Mobile App, and Snap/Snap+ for reconciliation and data enrichment. The platform integrates with Oracle OPERA Cloud, Mews, and other property management systems, while supporting digital wallets (Apple Pay, Google Pay). Developer solutions provide JSON/XML API access to over 75 card issuers for custom integrations.

Differentiator

Problem solved

Functional benefit

Brands

• Conferma Connect: Trusted infrastructure linking global banks, hotels, and TMCs for virtual card payment processing.
• Conferma Connect Direct
• Conferma Pay
• Snap+
• Snap

Products and services

• Conferma Platform Centralized virtual card and payment platform connecting businesses, 75+ banking partners, hotels, and TMCs to streamline and secure B2B transactions with standardized card management.
• Conferma Connect Hotel payment communication solution that automates virtual card delivery to hotels with selectable communication channels, removing manual offline chargeback or payment instruction processes.
• Conferma Connect Direct API-driven solution delivering virtual card details directly into hotel property management systems (PMS) or central reservation systems (CRS) via secure API, eliminating email and manual entry.
• Developer Solutions Developer platform offering JSON and XML APIs for virtual card creation, updates, cancellation, real-time payment notifications, digital wallet integration, and daily transaction files, with access to 75+ card issuers.
• Conferma Mobile App Mobile application for corporate travelers to manage virtual cards on-the-go, distributed through Apple App Store and Google Play Store.
• Expense Data & Reporting Expense data aggregation and reporting platform consolidating data from 75+ banks and 150+ purchasing platforms, with auto-reconciliation, daily transaction matching, customisable file formats, and single-view reporting.
• Conferma Online Platform enabling secure deployment of temporary and single-use virtual cards to employees and suppliers with configurable card number length, validity periods, and CVV.
• Virtual Cards & Payments Virtual credit card technology providing secure, controllable payment management with spending limits, usage restrictions, booking system integration, authorization and processing, and reconciliation reporting.
• Snap Smart New Accounts Payable reconciliation and reporting platform that automatically reconciles payment and purchase data from 75+ banks and 150+ purchasing platforms with a complete audit trail of corporate spend.
• Snap+ Data enrichment service for hotel spend that collects hotel invoices, verifies information, and matches amounts, dates, and line-item breakdowns to transactions for detailed reporting within Snap.
• Tax Reclaim (Fintua) Tax reclaim solution integrated with the Conferma platform enabling businesses to reclaim VAT and other taxes from corporate travel expenses.

Quantifiable outcome

• 87% lower fraud claims for corporations using virtual card payments
• +5 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature8 records

Partnerships

14 partnerships are on record, tiered minor, core, major and flagship.

• Mariner TravelminorChannel Partner/ Reseller/ Distributor · 1 June 2026Partnership to bring virtual card innovation to one of the world's most complex travel sectors.
• Trip.BizcoreStrategic or Co-development Partner · 31 May 2026Strategic global partnership to integrate virtual card payment technology into the Trip.Biz ONE platform in 2026, transforming how corporations manage travel expenses and payment security worldwide.
• Orbit World TravelminorChannel Partner/ Reseller/ Distributor · 1 March 2026Partnership to power smarter business travel payments through virtual card technology.
• Oracle OPERA CloudcoreTechnology or Integration · 15 February 2026Integration of Conferma's virtual payment technology with Oracle OPERA Cloud to enable automated corporate travel payments for hotel properties globally via Oracle Hospitality Integration Platform (OHIP).
• MeshmajorStrategic or Co-development Partner · 3 February 2026Partnership to address fragmented travel payment workflows, enabling corporates and TMCs to consolidate payment workflows under a single integrated platform for centralized spend management and transparency.
• ModulrmajorTechnology or Integration · 12 December 2025Partnership to transform B2B travel and hotel payments using a seamless, API-driven platform supporting real-time transactions. Modulr becomes a fully connected issuer within the Conferma platform, enabling travel businesses to issue and manage virtual cards without pre-funding.
• Strawberry HotelscoreStrategic or Co-development Partner · 2 December 2025Partnership with leading Nordic hospitality brand to bring secure, seamless, and fully automated corporate travel payments. Integration via Mews PMS enables frictionless virtual card acceptance for thousands of corporations.
• MewscoreTechnology or Integration · 2 December 2025Property management system (PMS) integration enabling Strawberry Hotels to accept virtual card payments through Conferma Connect Direct.
• BCD TravelcoreChannel Partner/ Reseller/ Distributor · 21 July 2025Global TMC actively working with Conferma to scale Connect Direct globally, reducing front-desk friction, streamlining reconciliation and tax reclaim, and driving innovation across the travel payment sector.
• CWTcoreChannel Partner/ Reseller/ Distributor · 21 July 2025Global TMC partnering with Conferma to improve guest experience through consistent, end-to-end payment journeys, solving long-standing payment inefficiencies in travel.
• Flight Centre Travel GroupmajorChannel Partner/ Reseller/ Distributor · 21 July 2025Corporate travel company partnering with Conferma to deliver faster payments, fewer errors, and greater control for clients through direct integration with hotel systems.
• SynXis Property HubcoreTechnology or Integration · 21 July 2025Property management system integration enabling hotel chains to accept virtual card payments through Conferma Connect Direct.
• HiltonflagshipStrategic or Co-development Partner · 9 April 2025Hilton became the world's first global hotel group to automate integration of virtual card payment details into its property management system via Conferma's API. This pioneering integration covers thousands of Hilton properties globally, benefiting 400+ TMCs and thousands of corporate clients.
• Sabre CorporationcoreStrategic or Co-development Partner · 28 November 2022Partnership to utilize virtual cards for B2B travel payments, building on Sabre's acquisition of Conferma Pay. Sabre is a major GDS provider enabling broad distribution of Conferma's virtual card technology to corporate travel clients worldwide.

Scale indicators9 records

Recent moves9 records

Expansion highlights3 records

Direct peers

• AirPlus International: AirPlus is a leading provider of virtual cards and corporate travel payment solutions, including the AirPlus Corporate Card and lodging solutions. It directly competes with Conferma in issuing virtual cards to corporations for travel spend and is a fellow participant on the Conferma platform.
• UATP (Universal Air Travel Plan): UATP is an airline-owned payment network that issues corporate and virtual cards for business travel payments. It competes head-to-head with Conferma in virtual card issuance for corporate travel and is connected to many of the same airlines, TMCs, and corporate buyers.
• WEX Inc. WEX provides virtual card, corporate payments, and B2B payment solutions across travel, healthcare, and fleet. Its corporate virtual card programs (e.g., WEX Travel) directly overlap with Conferma's core offering for business travel payments.

Broad incumbents

• Mastercard (B2B Virtual Card Programs): Mastercard is both a Conferma partner (minority investor and connected issuer) and a broad incumbent operating its own virtual card programs (e.g., Mastercard B2B, Mastercard Send). It is comparable as a network-level competitor and partner in the virtual card space.
• Visa (Visa Spend Clarity / B2B Virtual): Visa operates global card network B2B payment programs and is also a connected issuer on the Conferma platform. Comparable as a broad incumbent that could disintermediate Conferma by offering its own PMS-grade virtual card infrastructure.
• Sabre Corporation: Sabre is a major GDS provider that acquired Conferma Pay in 2022 and distributes Conferma's virtual card technology to travel agencies. Comparable as a partner and infrastructure incumbent shaping the corporate travel payment distribution channel.
• American Express Global Business Travel (Amex GBT): Amex GBT is one of the largest TMCs globally and a Conferma customer using Snap+ for reconciliation. Comparable as a large travel management incumbent with overlapping payment capabilities and corporate travel scale.

Emerging players

• Ramp: Ramp is a fast-growing corporate card and expense management platform offering virtual cards to businesses. It overlaps with Conferma in the virtual card issuance and corporate spend management space, though it focuses more broadly beyond travel.
• Brex: Brex is a corporate card and spend management platform issuing virtual cards to businesses and is a connected issuer on the Conferma platform. Comparable as a newer entrant in B2B virtual card issuance targeting corporate spend, with overlapping travel payment use cases.
• TripActions (now Navan): Navan (formerly TripActions) is a corporate travel and expense management platform issuing its own payment cards. Comparable as a TMC/expense platform increasingly embedding virtual card payment capabilities directly into its offering.

Market position

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/Conferma/videos
• LinkedInlinkedin.com/company/545081

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about Conferma