Since its acquisition by VR a year ago, a VExpenses, largest corporate expense management platform in Latin America, He's got his foot on the gas.. The company has just launched its corporate travel management service — the only piece that was missing from your all-in-one platform. After almost a year of development, including obtaining the necessary licences, VExpenses has created a real travel agency., allowing companies to issue air and bus tickets, book hotels and rent cars — all of this already connected to expense management services to process invoices and control employee travel expenses
We hear from our customers, From the small to the big, that their pains were clear: bureaucratic processes, lack of transparency, delay and inefficient travel management. They were wasting time., money and energy with tasks that didn't create value.. Our new service ensures that from the personalization of travel policies to the automated flow of accountability, 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
A startup, that emerged eight years ago in Ribeirão Preto, in the interior of São Paulo, And it has big brands like Nike., Centaur, Habib's, Apparatus and Puma among customers, was initially created to solve the pain of market expenditure management. Today there are more than four.,5,000 customers in nine countries, That adds up to 500,000 employees., in addition to 180 employees working to position the brand as a multifunctional platform, robust and complete, ready to meet the needs of companies of different sizes.
The expansion into the OTA segment (Online Travel AgencyThere's a reason.. Currently, VExpenses customers transact around R$6 billion in corporate expenses. With the new travel platform, VExpenses wants to reach 10% share of the corporate travel market by 2029
Doing everything in the same environment, the customer saves time and money. We want to bring businesses the same convenience and usability of buying tickets and bookings that the end consumer already experiences in their daily lives., Campaz promises, highlighting that VExpenses, unlike competitors and other companies in the sector, does not charge fees for the issuance of reserves.
VExpenses has also been betting on technology to offer a 100% digital experience to customers. With an intuitive and mobile-friendly interface, the platform allows managers to control expenses and approve travel itineraries with agility, while employees have the autonomy to organize their roadmaps efficiently and in line with the internal policies of each organization. Furthermore, the company provides a travel card, generating a unique number per transaction, strengthening security and eliminating possible fraud.
According to Campaz, the acquisition by VR, Implemented in October 2023, created a favourable 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.
