Perk Secures $300M Credit Facility To Fuel Global Growth Of AI-Native Platform

The new facility replaces and upsizes Perk’s 2024 credit arrangement under significantly improved terms. It follows a strong period of growth for the company which in 2025 surpassed $300 million in annualized revenue and achieved 48% year-on-year revenue growth, positioning it as one of the fastest-growing global players in travel and spend management. With strong gross margins and improving unit economics, Perk has a clear pathway toward near-term profitability.

In November 2025, the company launched its fully integrated travel and spend platform, unifying travel, expenses, and events into a single AI-native experience.

The financing reflects strong lender confidence in Perk’s strategy and long-term vision and represents one of the larger private credit transactions in the technology sector in recent market conditions.

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Proceeds will be used to accelerate investment in product development, AI, and technology infrastructure, as well as support Perk’s next phase of international expansion, including the upcoming US rollout of its integrated spend platform.

Perk positions itself as the intelligent platform for travel and spend, designed to eliminate “shadow work” the administrative burden created by bookings, approvals, receipts, and expense processing that reduces productivity across organizations.

By automating travel bookings, expense management, and invoice workflows, the platform enables teams to focus on core business priorities while maintaining full control and visibility.

Founded in 2015, Perk is trusted by more than 10,000 companies worldwide, including Wise, On Running, and Breitling, and is backed by leading investors such as SoftBank, Kinnevik, Felix Capital, Target Global, LocalGlobe, Spark Capital, and Noteus Partners.

"AI is a huge tailwind for Perk and its deployment throughout our product has enabled us to drive gross margins from 40% to mid-70s in 3 years, whilst maintaining the highest levels of customer experience. Alongside our investment in the product, the continued roll-out of AI throughout the company will enable us to scale faster and more effectively. We are thrilled to have this group of top-tier lenders who understand the scale of the opportunity ahead and are enthusiastically backing this next phase of growth” comments Roy Hefer, CFO of Perk.