Since its acquisition by VR a year ago, VExpenses, the largest corporate expense management platform in Latin America, has been hitting the accelerator. The company has just launched its corporate travel management service — the only piece missing from its all-in-one platform. After nearly a year of development, including obtaining the necessary licenses, VExpenses has created a true travel agency that will allow companies to issue airline and bus tickets, book hotels, and rent cars — all connected to expense management services to process invoices and monitor employees' travel expenses.
“We heard from our customers, from small to large, that their pain points 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 guarantees everything from personalized travel policies to automated accounting flow, all in real time and with a high level of security. We expect 50% of our customer base to adopt the solution by the end of 2025,” says Thiago Campaz, co-founder of VExpenses.
A startup, which was founded eight years ago in Ribeirão Preto, in the interior of São Paulo, and has major brands such as Nike, Centauro, Habib’s, Apargatas, and Puma among its clients, was initially created to address the pain points of expense management in the market. Today, there are more than 4,500 clients in nine countries, totaling 500,000 employees, along with 180 staff members working to position the brand as a multifunctional, robust, and comprehensive platform, ready to meet the needs of companies of different sizes.
The expansion into the OTA segment (Online Travel AgencyThere is a reason. Currently, VExpenses clients 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.
"Doing everything in the same environment, the client saves time and money. We want to bring companies the same convenience and usability of purchasing tickets and making 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 issuing reservations.
VExpenses has also been investing in technology to offer a 100% digital experience to customers. With an intuitive and mobile-optimized interface, the platform allows managers to control expenses and approve travel itineraries quickly, while employees have the autonomy to organize their routes efficiently and in line with each organization's internal policies. Additionally, the company provides a travel card that generates a unique number per transaction, enhancing security and eliminating potential fraud. "The card still offers cashback on the transaction amount," emphasizes 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 enabled strategic investments in technology, consolidating the startup as a leader in the segment. The VR's role as a solutions platform for workers and employers complemented our area of expertise, allowing us to innovate in new areas and more rapidly.
