TravelPerk Acquires Yokoy to Build Integrated T&E Platform

TravelPerk said Tuesday (Jan. 28) that it took a step toward its goal of building an integrated travel and expense management platform by acquiring Yokoy.

The move will add Yokoy’s spend management platform to TravelPerk’s business travel platform, the companies said in a Tuesday (Jan. 28) press release.

“As our relationship with Yokoy and other partners have grown over the last few years, we have heard more and more that customers were having to make hard trade-offs — an integrated solution or two separate best-in-class travel and expense management solutions, a platform delivering a great end-user experience or one optimizing the experience for finance,” TravelPerk co-founder and CEO Avi Meir said in a Tuesday blog post. “We believe that our customers shouldn’t have to compromise.”

With its acquisition of Yokoy and integration with strategic expense management partners, TravelPerk offers customers a choice of localized solutions to meet their needs,…