Voxel
- Company typePrivate
- Founded1998
- HeadquartersBarcelona, Spain
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Voxel firmographics
Firmographics- Name
- Voxel
- Legal name
- Voxel Media, S.L.U.
- Website
- https://voxelgroup.net
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Voxel industry classification
Industry- Product category
- Travel Fintech Software
- akta.pro primary industry
- Travel Payments & Virtual Cards for Corporate Travel (THALAMAJ)
- akta.pro secondary industries
- Integrations, APIs & Automation (Middleware/iPaaS) (THALAMAN), Corporate Travel & Expense (T&E) Management Platforms (THAKANAA)
Keywords
Where Voxel is headquartered
LocationHeadquarters
- HQ city
- Barcelona
- HQ country
- Spain
- HQ region
- Europe
Offices2 records
Markets served
Voxel business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Transaction Processing Fees: Revenue generated from processing electronic invoices and B2B payments through the Bavel platform, processing approximately 100 million+ electronic transactions per year
- Platform Subscription/ Licensing: Subscription-based access to Bavel platform for electronic invoicing, payments, and procurement solutions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Kit Digital Solution (SME) |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Voxel product offering
Product offeringCore offering
Voxel operates the Bavel platform that provides electronic invoicing, B2B payments, and supply chain digitization solutions primarily for the travel and hospitality industry. The platform connects 70,000+ hotels, 1,000+ travel companies, and 3,000+ restaurants through 150+ integrations with PMS and ERP systems, processing 100 million+ electronic transactions annually. Voxel was founded in 1998 in Barcelona, Spain, and was acquired by Amadeus in March 2024.
Product overview
Voxel offers a suite of B2B transaction and process automation solutions organized around the Bavel Platform. The core product family includes Bavel Billing (electronic invoicing), Bavel Pay (B2B payments), and Bavel Procurement (supply chain digitalization), all built on the central Bavel Platform ecosystem with 150+ integrations. The company has expanded through acquisitions (Troove decision engine in 2021) and integrated AI capabilities including PDF Billing - an AI system trained specifically for the hospitality channel. In March 2024, Voxel became part of Amadeus, strengthening its position in the travel technology ecosystem. The platform processes over 100 million electronic transactions annually across 70,000+ hotels, 1,000+ travel companies, and 3,000+ restaurants.
Differentiator
Problem solved
Functional benefit
Products and services
- Bavel Platform
- Bavel Billing
- Bavel Pay
- Bavel Procurement
- Troove
Quantifiable outcome
- 100 million+ electronic transactions processed per year
- +2 more outcomes
Companies that use Voxel
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles2 records
Voxel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability4 records
Feature6 records
Voxel partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core, primary, secondary and minor.
- Outpayce (from Amadeus)coreOutpayce co-organizes the Beyond event with Voxel, bringing together customers from both companies. Outpayce and Voxel combined capabilities drive back-office digitalization and industry transformation in travel & hospitality.
- AmadeuscoreAmadeus acquired Voxel in March 2024. Voxel operates as an Amadeus company, sharing the vision of creating a more seamless travel payment experience. Voxel strengthens Amadeus's end-to-end offering in hotel tech and travel payments.
- MastercardprimaryMastercard is a Platinum sponsor of eProcurement Tech Summit. Matthew Morrison, Director of B2B Business Development at Mastercard, participated in sessions on B2B payments digitization in HORECA channel.
- SuitechsecondarySuitech Consultoría & Tecnología is a Gold sponsor of eProcurement Tech Summit. Javier Retornano, Suitech's CEO, spoke at the event on enterprise efficiency strategies.
- GAT (Global Accounting Technologies)secondaryGAT is a Silver sponsor of eProcurement Tech Summit. Emiliano Garayar, Founder and Executive Chairman of GAT, spoke at the event on data and business intelligence in hospitality.
- Navex GlobalminorNavex Global is a Silver sponsor of eProcurement Tech Summit, providing ethics and compliance solutions to the hospitality sector.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
Voxel competitors and assessment
Company assessmentDirect peers
- Conferma Pay (Mastercard): Virtual-card B2B payments platform for corporate travel, now part of Mastercard. Competes head-on with Bavel Pay for hotel/supplier payment automation via virtual cards and GDS connectivity.
- UATP: Airline-owned payment network providing B2B travel payment processing and data services. Comparable rail to Bavel Pay for processing travel-related transactions between suppliers and corporate buyers.
- Yooz: French AP-automation and e-invoicing vendor with strong penetration in mid-market and HORECA-style verticals across France/Spain. Closest functional competitor on the electronic-invoicing side of Bavel.
- Outpayce: Amadeus subsidiary focused on B2B travel payments and virtual cards. Sits closest to Voxel as a sister Amadeus company addressing travel-seller payments — both converge on the same customer base (OTAs, TMCs, airlines, hotels).
- HRS Group: Hotel payments, booking and invoicing platform serving corporate travel programs. Overlaps directly with Voxel's hotel-payment and e-invoicing proposition for the corporate-travel buyer side.
- AirPlus International: Lufthansa-owned provider of corporate travel payment cards (AirPlus Travel & Expense cards) and centralized billing for TMCs and large corporates. Directly comparable to Bavel Pay in serving B2B travel payment flows.
Broad incumbents
- SAP Concur: Global leader in corporate Travel & Expense management with integrated payment and invoice workflows. Overlaps with Voxel on T&E invoicing and payment automation for corporate travel programs, though much broader in scope.
- WEX Inc. Large diversified B2B payments platform with a sizable travel and lodging vertical (WEX Travel). Comparable in B2B virtual-card issuance and supplier payment automation, but at much greater scale and across multiple verticals.
- Coupa Software: Spend management and B2B payments platform covering invoice automation, AP and virtual cards. Competes with Bavel Billing and Bavel Procurement on invoice processing and supplier payments, though not travel-vertical specialized.
Emerging players
- Emburse: Corporate expense and invoice automation suite (Chrome River, Nexonia, Abacus) with travel-payment adjacencies. Partial overlap with Voxel's invoicing and T&E workflows, particularly for travel-heavy enterprises.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Voxel social profiles
Digital presenceVoxel compliance and trust
Trust signalCompliance2 records
Voxel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Voxel leadership team
Management profileNumber of profiles
Profiles10 records
Voxel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Voxel 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 Voxel
What does Voxel do?
Voxel operates the Bavel platform that provides electronic invoicing, B2B payments, and supply chain digitization solutions primarily for the travel and hospitality industry. The platform connects 70,000+ hotels, 1,000+ travel companies, and 3,000+ restaurants through 150+ integrations with PMS and ERP systems, processing 100 million+ electronic transactions annually. Voxel was founded in 1998 in Barcelona, Spain, and was acquired by Amadeus in March 2024.
When was Voxel founded?
Voxel was founded in 1998. It employs 101 to 250 people.
Where is Voxel based?
Voxel is headquartered in Barcelona, Spain, in the Europe region.
How does Voxel make money?
Two revenue lines are on record. Transaction Processing Fees are the primary driver. The others are platform Subscription/ Licensing.
Who are Voxel's main competitors?
Direct peers on record are Conferma Pay (Mastercard), UATP, Yooz, Outpayce, HRS Group and AirPlus International. Broad incumbents are SAP Concur, WEX Inc. and Coupa Software. Emburse is listed as an emerging player.
Does Voxel have an API?
Yes. Voxel offers API connectivity for B2B payment automation and integration with Global Distribution Systems (GDS). The company provides API-based integration capabilities as part of its Bavel platform, enabling connectivity between travel companies, hotels, and payment systems. The Troove acquisition (2021) enhanced the platform's decision engine and automation of eBilling and payment cycles. API capabilities include integration with property management systems (PMS) and ERP systems.
What industry is Voxel in?
Voxel's product category is Travel Fintech Software. Its primary akta.pro industry code is THALAMAJ, Travel Payments & Virtual Cards for Corporate Travel, with a secondary code of THALAMAN, Integrations, APIs & Automation (Middleware/iPaaS).