Roomex
“Can a workforce-travel platform become the embedded payments layer for the blue-collar mobile workforce?”
Founded2004
HQDublin, Ireland
FoundersJack Donaghy, Karl Glennon
Total raised$13M (pre-acquisition)
Latest roundAcquired by Corpay (2023)
Valuation$194M (M&A deal value per PitchBook)
IndustryVertical SaaS / Business Travel
The story
Founded 2004 in Dublin as a hotel booking platform. Pivoted in 2018 from broad B2B/B2C travel toward workforce accommodation — specifically construction workers, engineers, crane operators, truck drivers and other mobile blue-collar labor. Launched RoomexPay prepaid cards on Stripe Issuing in 2020, layering embedded expense management on top of accommodation booking. Acquired by Corpay in 2023, folding Roomex into a global payments/fleet/travel conglomerate.
Last 12 months
Product timeline
2004
Founded in Dublin as B2C travel technology company· founding
2016
Raised €3.5M Series A led by Frontline Ventures· funding
2018
Pivoted from B2C to focus on workforce accommodation for mobile workforces· pivot
2019
Raised €8M Series A led by Draper Esprit· funding
2020
Launched RoomexPay prepaid expense card program via Stripe Issuing· card
2023
Acquired by Corpay (payments, fleet and travel giant)· acquisition
The stack
4 layers disclosed in Roomex’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
FX & payouts
in the full report
Accounting gap: significant
3 more providers across 3 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.