ApideckTape
← Embedded Finance Index 2026

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
2023
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
5 layers disclosed in Roomex’s embedded-finance stack
Payments / PSP
StripeStripe Connect
Banking / BaaS
in the full report
Card issuing
in the full report
FX & payouts
in the full report
Spend / AP
in the full report
Accounting gap: significant
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Roomex — frequently asked

What bank does Roomex use?

Roomex discloses Stripe as its banking provider, according to the Embedded Finance Index 2026.

Is Roomex a bank?

Roomex does not disclose a bank charter of its own; its banking services are provided through Stripe.

Who is Roomex's payment processor?

Roomex processes payments through Stripe and Stripe Connect.

Who issues Roomex's cards?

Roomex's cards are issued through Stripe Issuing.

Who handles Roomex's FX and cross-border payouts?

Roomex uses Stripe for FX and cross-border payouts.

What is Roomex's embedded finance stack?

The Embedded Finance Index 2026 maps 5 layers in Roomex's stack: Payments / PSP (Stripe and Stripe Connect); Banking / BaaS (Stripe); Card issuing (Stripe Issuing); FX & payouts (Stripe); Spend / AP (RoomexPay (self-operated on Stripe Issuing)).

Who founded Roomex?

Roomex was founded by Jack Donaghy and Karl Glennon and is founded in 2004, headquartered in Dublin, Ireland.

How much funding has Roomex raised?

Roomex has raised $13M (pre-acquisition) in total (latest round: Acquired by Corpay (2023); valuation: $194M (M&A deal value per PitchBook)).

Benchmark your own stack

Request an embedded finance strategy assessment

Get a read on where your own stack stands against Roomex and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.

  • Your category, mappedHow your stack compares to Roomex and the other companies in its category.
  • Build vs. buyWhere a provider relationship would close a gap faster than building it.
  • A named analyst, not a form replyA short call to scope what's actually worth assessing for you.

No newsletter, no sharing your address. We use this to reach out about the assessment and nothing else.