How Perk Got $300 Million to Grow Its AI Travel Tool

In this article, you’ll discover:

• How Perk secured a massive $300 million credit facility to expand globally.
• The way artificial intelligence removes hidden Shadow Work from your day.
• Why the company achieved amazing sales growth in 2025.
• Their plan to launch an integrated spend platform in the United States.

Have you ever spent hours booking work trips and filling out expense reports? That is a big headache for many workers. A company named Perk wants to fix this problem. They just secured a massive $300 million credit facility to help businesses manage their travel and spending much easier.

These new funds come from top lenders like Neuberger Speciality Finance and Blue Owl Capital. They believe deeply in the clear vision that Perk has for the future of work.

Roy Hefer, the CFO of Perk, shared his excitement about the news. “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,” he explained. “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.”

Laura Johnson, Managing Director at Neuberger Specialty Finance, also shared her thoughts. She called Perk an “exceptional company” and noted they are perfectly placed to change how companies handle travel and spend.

Stopping Shadow Work

Perk used to be called TravelPerk. Today, they have a very clear goal. They want to eliminate what they call Shadow Work. These are the boring manual tasks that drain your energy. Think about things like saving receipts, matching invoices, and planning business events.

A recent study showed that employees lose about seven hours every week to these hidden tasks. This lost time creates a massive $1.7 trillion problem globally. By automating these daily chores, Perk gives teams their time back to focus on real work.

Big Sales Growth

The year 2025 was fantastic for Perk. They crossed $300 million in yearly revenue. Their sales also grew by an impressive 48 percent. This makes them the fastest growing platform for travel and spending in the world.

They also launched a new product in November 2025. It brings travel, spending, and events into one simple place. With strong sales and a smart business model, they have a clear path to making a good profit very soon.

The AI Magic

Artificial intelligence is the secret weapon for Perk. They built their entire platform around it. This smart tech is what helped them improve their profit margins so much over the last three years.

Now, with the new credit facility, Perk plans to invest even more into their product and technology. They want to roll out more smart features across their whole company. This will help them grow faster and serve their 12,000 customers even better. Famous brands like On Running and Fabletics already trust them to handle their business trips.

What Comes Next

Perk is getting ready for its next big step. They plan to use the new money for global growth. A major goal is to launch their complete spending platform in the United States very soon. With smart tools and strong backers, they are ready to make work travel a breeze for everyone.