TravelPerk
What they do
TravelPerk is a global AI-powered travel and expense management platform, reshaping the way companies manage travel for work. Powered by cutting-edge technology and with a commitment to flexibility, cost control and efficiency, TravelPerk helps businesses save time and reduce costs. Trusted by global brands like Red Bull, Aesop and Nord Security, the company offers a seamless all-in-one platform to:
- Simplify travel booking
- Streamline expense management
- Boost productivity for businesses of all sizes
For CFOs, TravelPerk offers an integrated solution that enforces travel policies, facilitates VAT reclaim and ensures compliance with regulatory standards such as emissions reporting and duty of care.
Notably, over 65 percent of its new clients were previously unmanaged - booking their trips on different services without coordination and control - highlighting the platform’s appeal amid a significant industry shift.
Why Kinnevik invested in TravelPerk
The corporate travel industry, currently sized at over USD 1.1tn, is ripe for transformation. CFOs demand transparency and control over what is often the second largest controllable expense after payroll, while corporate travelers seek modern, responsive service. Kinnevik sees TravelPerk as uniquely positioned to capture this opportunity as it’s the only European integrated travel and expense platform that delivers an end-to-end solution for its customers. In addition, the company enjoys:
- An enormous market potential with clear gaps in legacy travel solutions
- A consumer-like, self-serve model that drives organic, employee-led adoption and hypergrowth
- Superior marketing efficiency in acquiring and retaining corporate customers within a “walled garden” environment
Co-founded by Avi Meir, TravelPerk is led by a strong executive team committed to redefining how businesses manage travel and expenses. With the acquisition of Yokoy, the company has extended its focus towards a broader integrated multi-product platform.
To continue creating value, TravelPerk focuses on:
- Further accelerating growth, with continued expansion in the US through strategic acquisitions and deeper integrations
- Continued sizable investments into product, technology and AI to deliver the leading travel and expense management platform for small and midsize businesses in the US and Europe
Key information
- Leading business travel and expense management platform
- Over USD 275m in annualized revenue in Q2 2025
- Around 50% revenue growth in 2024
- Over USD 6bn in annual spend processed
- Global footprint of 13 offices
News in the quarter
- The Yokoy acquisition formally completed in April, adding their best-in-class expense and spend management capabilities and powerful AI technology to TravelPerk’s growing product suite
- New Chicago office opened, highlighting continued growth in the US
- Enabled passthrough payments for US customers, a key feature strengthening the company’s right-to-win in the US market
- Won two workplace awards: Newsweek Top 100 Global Most Loved Workplaces 2025 and Sunday Times Best Place to Work 2025
