TravelPerk vs Aleph Alpha

About

TravelPerk is a Barcelona-based corporate travel management company that provides businesses with a self-service platform for booking flights, hotels, trains, and car rentals at negotiated rates while maintaining policy compliance through real-time approval workflows. The platform's FlexiPerk product allows companies to cancel any booking up to two hours before departure and receive an 80% refund, addressing the biggest pain point in corporate travel — the financial exposure of non-refundable tickets. TravelPerk's GreenPerk feature provides carbon emissions reporting and offsetting for every trip, supporting corporate sustainability reporting requirements. The platform integrates bidirectionally with expense management tools including Expensify, Pleo, and SAP Concur, ensuring booking data flows automatically into expense reconciliation without manual data entry. TravelPerk serves over 10,000 companies across Europe and North America, ranging from SMBs to enterprises including Typeform, Wise, and McLaren. Founded in 2015, TravelPerk raised over $400M from investors including SoftBank, Kinnevik, and General Catalyst at a valuation exceeding $1.4B.