Latest news with #NavanConnect
Business Wire
29-07-2025
- Business
- Business Wire
Navan Joins American Express Sync™
PALO ALTO, Calif.--(BUSINESS WIRE)--Today, Navan, the leading all-in-one business travel and expense management platform, announced a new integration with American Express that enables American Express U.S. Business and Corporate Card Members to instantly create unique virtual Cards for travel booked on the Navan Travel platform via Navan Connect. To support and foster this integration, Navan is participating in the American Express Sync Commercial Partner Program. 'We're thrilled to join forces with American Express to give our customers access to the control, enhanced security, and cash flow management that come with using an American Express virtual Card,' said Michael Sindicich, President, Navan. 'Navan and American Express are both obsessed with delivering amazing user experiences that optimize efficiency and savings. The integration helps us provide our signature end-to-end experience and increased value to our customers that use American Express for their Card needs.' Combined with the end-to-end Navan T&E solution, the Navan-American Express Sync integration offers: Improved reconciliation. Speed up month-end close with automated reconciliation, all while earning the rewards of your American Express Card 1. Proactive spending policies. Create unique virtual Cards with built-in spending policies that make managing travel spend simple for finance teams. Real-time expense management. Companies have full visibility into every virtual Card expense the instant it happens with pending and cleared transactions that automatically appear in the Navan Expense dashboard to enable finance leaders to uncover savings opportunities — while keeping budgets and forecasts up-to-date. With Navan there are even more reasons to love your Card. American Express Card Members can earn the rewards of their eligible American Express Card when they use on-demand virtual Cards for travel payments. Navan Connect's 'Bring Your Own Card' functionality enables businesses to enjoy the benefits of the travel and expense solution employees love while keeping the benefits of the company's existing bank and corporate card partner. The innovative card-link technology has recorded over $1 billion in transaction volume since January 2024. Terms apply, enrollment required, and fees may apply. To learn more, visit About Navan Navan is the leading all-in-one business travel and expense management platform that makes travel easy for frequent travelers. From finding flights and hotels, to automating expense reconciliation, with 24/7 support along the way, Navan delivers an intuitive experience travelers love and finance teams rely on. See how Navan customers benefit and learn more at 1 Not all Cards are eligible to get rewards. Terms and limitations apply.
CNBC
10-06-2025
- Business
- CNBC
39. Navan
Founders: Ariel Cohen (CEO), Ilan TwigLaunched: 2015Headquarters: Palo Alto, CaliforniaFunding: $2 billion (PitchBook)Valuation: $9.2 billion (PitchBook)Key Technologies: Artificial intelligence, cloud computing, machine learningIndustry: Enterprise technology, travelPrevious appearances on Disruptor 50 list: 1 (No. 38 in 2024) Business travel has long been associated with clunky legacy tools and fragmented workflows. But Navan is betting that simplicity, and AI, can modernize the industry. The Palo Alto-based travel and expense startup, formerly called TripActions, has transformed itself into what it calls the first "all-in-one super app" for corporate travel and expenses. It can handle everything from flight bookings to hotel recommendations to real-time expense tracking. Moreover, the platform gives companies a consolidated view of employee travel and spending. The platform has been catching on. Navan said it has grown bookings twentyfold since the pandemic, that it ended 2024 with a record $550 million in revenue, and is on track to hit profitability this year. It now has 11,000 customers, including Unilever, Adobe, Christie's, Blue Origin and Geico. It's also processing corporate travel spending via Navan Connect, a card-linking technology that lets businesses offer automated expense management and reconciliation without having to change corporate card providers. Behind all that growth is a strong push into AI. Navan's virtual assistant, named Ava, now fields about 150,000 support chats a month and resolves more than half without human involvement. The company says the virtual assistant matches human agents on customer satisfaction ratings. Navan also recently introduced Concierge by Ava, a tool that uses real-time data and user travel patterns to suggest hyper-personalized hotel bookings. Those AI features played a starring role last summer during the Microsoft-CrowdStrike outage. The company said Ava helped shoulder the surge in support volume, keeping wait times down and satisfaction scores up. The company also struck unexpected partnerships, including one with competitor Brex to integrate travel booking with BrexPay, and launched co-branded offerings with Citizens and Rho. Still, competition is fierce. Navan is jostling for market share against expense and travel startups like fellow Disruptor Ramp, TravelPerk, and Brex, as well as incumbents like SAP Concur and American Express Global Business Travel. It's a crowded field — and Navan's all-in-one approach means it's fighting on multiple fronts.
