Perk secures $300M facility for travel and spend management

Perk has secured a $300M facility to support its travel and spend management platform.

What happened

The company is building software for business travel, expenses, and company spend workflows.

Why it matters

Spend management platforms are becoming more important as companies look for clearer controls over travel, approvals, and expenses.

The bigger picture

This market is not just about tracking receipts. The stronger platforms are becoming operational systems for how businesses manage money movement and internal approvals.