Navan Expense News Today

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The call for partnership between newcomers and legacy stalwarts resonates louder than ever.

Valued at $9 billion in late 2022, Navan is said to be targeting an initial public offering sometime in 2024.

Navan, an expense management startup once known as TripActions, has laid off 5% of its staff, or 145 people, a spokesperson confirmed to TechCrunch today. "Navan has recorded strong growth over the past three years despite the challenges affecting our industry," the spokesperson wrote via email, describing the cuts as a "restructuring." In October of 2022, Navan secured $150 million debt and raised $154 million in equity at a post-money valuation of $9.2 billion, up from it...

Navan has introduced its expense platform, Navan Connect, in Europe and the UK, following its US launch. The platform connects to Mastercard and Visa corporate cards, offering automated expense management, policy checking, categorisation, and reconciliation upon card usage. The tool aims to facilitate multinationals in localising and scaling their expense programs.

Travel management company Navan has promoted Michael Riegel, formerly general manager of Navan in EMEA, to CEO of Navan, EMEA.

TechCrunch was proud to host Navan at Disrupt 2023 in San Francisco. Here’s an overview of their partner session on the Fintech Stage.

Managing expenses can be challenging for small-business owners, but a well-crafted expense policy makes it easier to control costs, ensure compliance and drive savings.

Travel management company Navan has unveiled new technology linking its expense management tools to Mastercard and Visa corporate cards. The company, formerly known as TripActions until its recent rebrand, has launched Navan Connect.