• The $300m facility backed by top-tier lenders reflects strong conviction in Perk's vision to build a leading AI-native platform for travel and spend management
  • Perk enters its next phase of growth on the back of a 48% revenue growth in 2025, best-in-category gross margins, and a platform built for global scale
  • The new credit facility upsizes and replaces Perk's prior facility on materially improved terms, while increasing available capital to further strengthen an already strong balance sheet

Perk (formerly TravelPerk), the AI-native travel and spend management platform, today announced the close of a $300 million private credit facility led by Neuberger Speciality Finance, alongside Blue Owl Capital Inc. (NYSE:OWL), Hercules Capital Inc. (NYSE:HTGC) and Liquidity. The facility upsizes and replaces Perk's 2024 credit facility on materially improved terms.

In 2025, Perk crossed $300m in annualized revenue and grew revenue 48%, making it the fastest growing global travel and spend management platform, with best in category gross margins providing a clear pathway to profitability in the short term. In November 2025, Perk launched its integrated travel and spend platform, bringing travel, spend and events into one AI-native product experience.