Yokoy

AirPlus International (Neu-Isenburg, Germany) - B2B corporate travel payments: central lodged cards, corporate credit cards and virtual cards with accounting and analysis for business travel programmes. Sold by Lufthansa Group to SEB Kort (SEB Group, Sweden) for approx. EUR 450m, closed 31 Jul 2024 - ownership flag (EU). EEA payment entity in Belgium (PI).

Billhop (Stockholm, Sweden) - B2B payments by card: companies pay any supplier invoice with a credit card even where the vendor does not accept cards, unlocking working capital and card float for procurement; EUR 10.5m Series A for European expansion. Payment institution (Swedish FSA).

Cardlay (Denmark) - spend-management software with an own partner-issued virtual card programme; an expense add-on for bank card programmes.

Circula (Berlin, Germany; founded 2017) - AI expense management with a digital Visa corporate card; 2,800+ customers (Aston Martin, DATEV) and 150k+ employees. Series A extension EUR 15m (2025). SaaS.

Coverflex (Braga/Lisbon, Portugal) - flexible compensation and employee-benefits platform: meal allowance, insurance, fringe benefits, budgets and perks in one app with a payment card; 13,000+ companies across four markets; EUR 15m Series A (2023). The Iberian counterpart to Epassi/Swile.

Epassi (Helsinki, Finland; founded 2007) - Nordic market leader in mobile payments for employee benefits: meals, transport, wellbeing, healthcare and culture paid via the Epassi app; 1.5m+ users and 35,000+ merchant sites across Finland and Sweden. Payment institution rail: Epassi Clearing Oy (FIN-FSA).