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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
2 layers disclosed in Secret Escapes’s embedded-finance stack
Unified APIs
Nium
FX & payouts
in the full report
Accounting gap: none
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.

Secret Escapes — frequently asked

Who handles Secret Escapes's FX and cross-border payouts?

Secret Escapes uses Nium for FX and cross-border payouts.

What is Secret Escapes's embedded finance stack?

The Embedded Finance Index 2026 maps 2 layers in Secret Escapes's stack: Unified APIs (Nium); FX & payouts (Nium).

Where is Secret Escapes headquartered?

Secret Escapes is founded in 2011 and headquartered in London, UK (4th Floor, 120 Holborn, London, EC1N 2TD).

How much funding has Secret Escapes raised?

Secret Escapes has raised $299.21M in total (latest round: Series F, July 2023).

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