Emburse

Emburse

Travel, expense, invoice and payments platform for mid-market and enterprise finance teams, assembled by private equity firm K1 from Certify, Chrome River, Nexonia, Abacus, Tallie and Captio, with more than 12 million users in 200 countries and more than US$100 billion of invoice volume running through it.

Founded2020 as a single company, Los Angeles; built from K1’s acquisitions starting with Nexonia in 2015, the Certify and Chrome River merger in 2019 (a transaction valued above US$1bn) and the card start-up Emburse, whose name the group took
LeadershipMarne Martin, CEO since January 2024; Owen Newman, CFO since September 2025
OwnershipPrivate; majority owned by K1 Investment Management
ScaleAbout 20,000 customers; more than 12 million users in 200 countries; more than US$100bn of invoice volume and US$50bn of business travel processed; more than 700 staff; profitable, with most revenue from subscriptions and the rest from card interchange
CustomersExxonMobil, Honda, Microsoft, Nike, Pfizer
What it doesExpense management (Emburse Professional for the mid-market, Emburse Enterprise for large companies), travel booking, corporate cards, invoice and AP automation, purchasing, and audit tools such as Emburse Assurance, which blocks incorrect or incomplete claims before they reach approval
Recent movesBought the travel spend company TRIPBAM in 2023; launched Assurance and Invoice Tax Validation for e-invoicing rules in 2026; shifted its sales focus to mid-market and enterprise accounts rather than very small businesses
PricingNot published for the main products; Emburse Spend from US$8 per user per month (US$12 for Plus); Professional plans start at about US$3,000 a year
MarketsUS, Canada, UK, Europe (Captio in Spain); users in 200 countries, with localisation for more than 100
PeersExpensify, Ramp, Brex, Navan, Coupa, SAP Concur

Why it matters

Emburse is the roll-up answer to SAP Concur: six expense vendors stitched into one enterprise platform by a private equity owner, now profitable and moving upmarket while Ramp and Brex fight for the small end. Its size and customer list make it the incumbent every AI-native spend tool has to displace.

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