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Expenses specialist Concur has agreed to invest in three new technology firms as part of its Perfect Trip programme.
The company has allocated €150 million to invest in emerging tech companies which are developing products which can be integrated into its cloud-based travel and expenses service.
Concur’s latest investments are in Stay N Touch, Trover and Yapta, which join companies such as Evature, Room 77, Cleartrip and Taxi Magic in the Perfect Trip initiative.
John Torrey (pictured), Concur’s executive vice president, corporate strategy, said: “Concur is committed to driving the innovation agenda for our industry, and we recognise that a critical component of that agenda is providing compelling, emerging companies with the funding they need to deliver world-class solutions.
“By leveraging our balance sheet to foster innovation and nurture game-changing technologies that can be leveraged by the entire business travel ecosystem, we can efficiently extend our vision of the Perfect Trip to companies, suppliers and travellers as well as the developers, TMCs and other vendors who serve them.”
For more information about the Perfect Trip fund, click here