Perk lands £25M NatWest facility to fund global expansion
What's the deal? Travel and spend management platform Perk, formerly TravelPerk, has secured a £25 million debt facility from NatWestDealroom has a profile for this one. Try Dealroom →. The Birmingham-based company, which operates from Alpha Tower alongside offices in London and Edinburgh, will use the funding as working capital for its next phase of growth.
What's the endgame? Perk builds AI-native technology that helps businesses manage corporate travel, invoices, expenses and company spending through a single platform. Its software automates expense categorisation, receipt matching, invoice processing and travel policy compliance, and includes sustainability tools that report on the carbon impact of business travel.
By the numbers: Founded in 2015, Perk now serves more than 12,000 businesses and employs over 1,800 people worldwide. It reported annualised revenues approaching $400 million, up 48% in 2025.
Why now? The facility funds expansion across the UK, Europe and the United States. "This funding gives us additional flexibility to support our continued expansion across international markets and invest further in our AI-native platform and customer experience," said Ed Eden, senior vice president of strategic finance at Perk.
The signal: Perk's raise underscores how AI-native tools are reshaping corporate travel and spend management, and marks a rare high-growth technology story emerging from the West Midlands. "Perk is an excellent example of the kind of innovative, high-growth business emerging from the West Midlands," said Richard Dowen, relationship director at NatWest.
Image credit: Generated with Gemini
