← State of Embedded Finance 2026

Secret Escapes

Can a members-only luxury travel flash-sale platform scale globally by modernising supplier payment infrastructure while retaining margin through exclusive deals unavailable elsewhere online?

Founded2011
HQLondon, UK (4th Floor, 120 Holborn, London, EC1N 2TD)
Total raised$299.21M
Latest roundSeries F, July 2023
IndustryMarketplace / Travel
The story

Founded in 2011 as a UK-based members-only luxury travel deals club, Secret Escapes grew to 60 million users across 10 territories by leveraging flash-sale mechanics to fill unsold hotel inventory. The company survived COVID-19 with emergency fundraising and returned to profitability on EBITDA by 2022. In 2024 it modernised its supplier payments infrastructure by adopting Nium's virtual card solution for cross-border hotel payouts — moving from manual FX reconciliation to automated multi-currency disbursements, signalling a maturation of its embedded finance stack on the payables side.

Last 12 months
2023-07
2024-03
Product timeline
2011
Secret Escapes launched as an exclusive members-only online travel deals club in the UK.· pivot
2017
Raised Series D equity and a $45.5M line of credit from Silicon Valley Bank to fund European expansion.· banking
2018
Raised $67.46M Series E led by Old Mutual Global Investors; expanded to 10+ territories.· pivot
2023
Completed Series F equity raise of ~$40.75M and refinanced existing debt facilities, supported by Chrysalis Investments and existing shareholders.· pivot
2024
Partnered with Nium to use virtual card solution for paying hotel partners in 20+ local currencies, replacing legacy FX and reconciliation processes.· banking
The stack
FX & payouts
Nium
Accounting gap: none