TravelPerk Rebrands to Perk, Uniting Travel and Spend Management
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The integration of travel and spend management into a single AI-native platform could change how corporates choose suppliers for travel procurement and expense control, with implications for the TMC and expense management market landscape.
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- Perk Press ReleasesTravelPerk Rebrands to Perk, Uniting Travel and Spend Management
TravelPerk announced its rebrand to Perk, launching an AI-native platform that unites travel and spend management, with a mission to eliminate 'shadow work' — the invisible, non-core tasks employees do outside their main job. Forrester Consulting research commissioned by Perk found shadow work costs businesses $1.7 trillion a year across six major economies (US, UK, France, Germany, Spain, Netherlands), with employees losing about seven hours per week on average. Perk says its platform automates two thirds (67%) of the most frustrating non-core work and adds an AI-native spend management module plus Perk Pay physical cards. The company has crossed $300m in annualized revenue and established…