TravelPerk Teams With Divvy To Bolster Visibility Into T&E

TravelPerk and Divvy are teaming to provide a corporate travel and expense management experience with a tie-up between the two firms. TravelPerk attains the status of Divvy’s main travel partner via the collaboration, according to a Tuesday (June 29) announcement.

“By [recognizing] each other’s strengths and expertise, we are able to set new standards for employees and businesses that we think our customers will love,” said TravelPerk Chief Product and Technology Officer Ross McNairn in the announcement.

To that end, Divvy Travel (powered by TravelPerk) provides a streamlined, central portal that lets staffers simply reserve and control their trips — from the time they make their reservations to the time they expense their trips, the announcement stated.

The service also equips finance teams with “exceptional” visibility and management for all corporate spending, according to the announcement. And it conserves time and financial resources.

“We’re thrilled to partner with TravelPerk to empower business owners with easy-to-use software that controls spend,” Divvy Chief Revenue Officer Sterling Snow said in the announcement. “With a comprehensive expense and travel process, Divvy and TravelPerk can save finance teams precious time and money.”

The collaboration occurs as companies are reopening and “need to be positioned to grow, while staying on budget,” according to the announcement.

In April, TravelPerk announced that it had landed $160 million in Series D debt funding round and equity to power the next iteration of its international investment, sending its total investment raised up to $294 million.

At the time, it was noted that TravelPerk intended to harness the infusion to bolster its European and American presence and to concentrate on product innovations.

“Over the last 12 months, we’ve been constantly innovating to address the changing needs for travelers navigating the complex travel environment during COVID and kept growing as a company during one of the worst crises the industry has ever seen,” TravelPerk CEO and Co-Founder Avi Meir said at the time.