Perk Expands Spend Management Platform to the U.S.

Perk, formerly TravelPerk, launched its spend management platform in the U.S. after a European launch. The company said about 40 percent of its new deals in Europe now are for a combined Perk Travel and Perk Spend offering, and it expects the U.S. launch to follow the same path. The U.S. currently represents about 30 percent of its global new business growth, and it recently passed the $1 billion mark in annual U.S. travel transaction value. Perk Spend lets companies integrate their own corporate card programs and add controls such as city-level per diem rates plus native ERP integrations, and allows employees to be reimbursed directly to bank accounts without going through payroll.