Skip to main content

Perk

Category: AI in Fintech

An AI-native platform that unites travel and spend management to automate 'shadow work'—the administrative friction of booking travel, filing expenses, and organizing team events. Perk was founded in 2015. The company is led by Avi Meir. Based in Barcelona, Spain. Team size: 1200+. Total funding raised: ~$712M total. Latest round: Series E ($200M, Jan 2025) at $2.7B valuation. Key investors include SoftBank Vision Fund 2, Atomico, Kinnevik, Spark Capital, General Catalyst, Greyhound Capital.

Founded
2015
Headquarters
Barcelona, Spain
Team size
1200+
Total funding
~$712M total

Value proposition

Eliminates non-core business tasks by automating 67% of administrative workflows through a single, unified global platform, reducing manual data entry and improving employee productivity.

Products and solutions

AI-Powered Travel Management Platform, Integrated Spend & Expense Management (via Yokoy), Automated Team Events Planning Solution, AI-Native Invoice Management, Open API Marketplace & Integrations

Unique value

Unlike fragmented competitors, Perk provides a single 'intelligent' experience where travel, spend, and events are managed under one set of rules and a unified AI-native interface.

Target customer

Global companies ranging from SMBs to large enterprises, specifically targeting finance departments, travel managers, and HR teams.

Industries served

Corporate Travel, Fintech, Enterprise Software, SaaS, Professional Services

Technology advantage

Leverages an in-house 'AI Lab' that trains on real-world trip data, receipts, and invoices to achieve a 67% automation rate for non-core business tasks.

How they differentiate

Perk differentiates through its 'AI-native' approach to 'shadow work'—automating the administrative friction of travel, expenses, and events. Unlike legacy players, it offers a unified platform with a 67% automation rate for non-core tasks and a consumer-grade UX that integrates travel booking with real-time spend management.

Main competitors

Navan (formerly TripActions), SAP Concur, Brex, Ramp

Key partnerships

Slack (Primary technology integration partner), Spendesk (Virtual card and spend visibility), Yokoy (Strategic acquisition for spend management technology), Over 400 global airlines and 70+ technology/channel partners

Notable customers

Red Bull, Skyscanner, Revolut, Monzo, Wise

Major milestones

Rebranded from TravelPerk to Perk in 2025 to reflect AI-native evolution, Acquired US-based AmTrav in 2024 to double US market presence, Achieved Unicorn status in 2021 following Series D funding, Launched AI-powered events solution in 2025 to automate team planning

Growth metrics

$300M+ annualized revenue, 10,000+ global corporate clients, and a 1,200+ person workforce.

Market positioning

Global leader in the mid-market and enterprise travel/spend management space, transitioning from a travel-only tool to an all-in-one 'intelligent platform' for business operations.

Geographic focus

Global, with a dominant market share in Europe (HQ in Barcelona) and aggressive expansion in North America following the acquisition of AmTrav.

Patents and IP

Proprietary AI-native modules and 'PERK' trademarks (Serial No. 99204673) covering database and workflow management software.

About Avi Meir

Avi Meir is a serial entrepreneur and the Co-founder and CEO of Perk (formerly TravelPerk). Before founding the company in 2015, he co-founded Hotel Ninjas, a web-based hotel management software that was acquired by Booking.com in 2014. Following the acquisition, he served as a Senior Product Manager at Booking.com. His earlier career includes serving as VP of Product at Budgetplaces.com (acquired by Palamon Capital Partners) and working as a Software Developer at EL AL Israel Airlines. He is a recognized expert in travel technology and SaaS scaling.

Official website: