Perk CPO Nikita Miller Details AI-Native Travel and Expense Shift; €300 Million Credit Line for US Expansion

Perk, formerly TravelPerk, is transforming from a business travel platform into an AI-native travel and expense management ecosystem. In September 2025, the company welcomed Nikita Miller as chief product officer and completed its rebranding, expanding its scope to expense and cost management by integrating acquired companies including Yokoy, while accelerating its buildout in the US market. At the core of Perk's product strategy is the elimination of "shadow work" — the repetitive manual tasks employees perform when traveling or spending on behalf of the company, including reconciliation, invoice processing, hotel booking, event organization, and travel policy compliance. The company plans to use automation to absorb most of this administrative burden.

Perk has launched technology that connects travel, expenses, invoices, and events, enabling users to access information across platforms. Recently, Perk secured a €300 million credit facility, with funds earmarked for artificial intelligence, product development, expense management, invoicing, corporate cards, and incubation of new initiatives for employees and finance departments.

Perk's long-term goal is global expansion, with particular emphasis on the US market. The company believes that the complexity it has navigated operating across multiple European markets will help it address the differentiated demands of US business travel and financial products. Perk has assembled local teams and is entering the US market with a localized strategy rather than simply replicating its European model. Management has articulated a vision of building a "century-old company," aiming to reduce administrative complexity so employees can devote more time to meaningful, productive activities.