Since its acquisition by VR a year ago, VExpenses, the largest corporate expense management platform in Latin America, has been stepping on the accelerator. The company has just launched its corporate travel management service — the only missing piece within its all-in-one platform. After nearly a year of development, including obtaining the necessary licenses, VExpenses has created a true travel agency, which will allow companies to issue airplane and bus tickets, book hotels, and rent cars — all already connected to expense management services to process invoices and control employee expenses on the go.
“We have heard from our customers, from small to large, that their pains were clear: bureaucratic processes, lack of transparency, slowness, and inefficient travel management. They were wasting time, money, and energy on tasks that did not generate value. Our new service ensures everything from customizing travel policies to the automated flow of expense reports, all in real time and with a high level of security. Our expectation is that 50% of our customer base will adopt the solution by the end of 2025,” says Thiago Campaz, co-founder of VExpenses.
The startup, which emerged eight years ago in Ribeirão Preto, in the interior of São Paulo, and counts major brands such as Nike, Centauro, Habib’s, Alpargatas, and Puma among its clients, was initially created to address the pains of expense management in the market. Today, there are over 4,500 clients in nine countries, totaling 500,000 employees, in addition to 180 employees working to position the brand as a multifunctional, robust, and comprehensive platform, ready to meet the needs of companies of various sizes.
The expansion into the OTA (Online Travel Agency) segment has a reason. Currently, VExpenses customers transact around R$ 6 billion in corporate expenses. With the new travel platform, VExpenses aims to reach a 10% market share in corporate travel by 2029.
“By doing everything in the same environment, the customer saves time and money. We want to bring to companies the same convenience and usability in purchasing tickets and reservations that the end consumer already experiences in their daily life,” promises Campaz, highlighting that VExpenses, unlike competitors and other companies in the sector, does not charge fees for booking issuance.
VExpenses has also been investing in technology to offer a 100% digital experience to customers. With an intuitive interface optimized for mobile devices, the platform allows managers to control expenses and approve travel itineraries quickly, while employees have the autonomy to organize their routes efficiently and aligned with each organization’s internal policies. In addition, the company provides a travel card, which generates a unique number per transaction, enhancing security and eliminating possible frauds. “The card also offers cashback on the transaction amount,” highlights the executive.
According to Campaz, the acquisition by VR, completed in October 2023, created a favorable environment for VExpenses to accelerate its expansion and innovation. The partnership brought greater market reach and allowed for strategic investments in technology, solidifying the startup as a leader in the segment. “VR’s role as a solutions platform for workers and employers complemented our area of expertise, enabling us to innovate in new areas and at a faster pace.”
