From TechCrunch
By Mary Ann Azevedo
October 19, 2023
Expense management startup Navan has inked an exclusive deal with Citi that executives say will open its addressable market significantly. Specifically, the fintech and the card giant are announcing today a new, jointly branded travel and expense system designed for Citi Commercial (CCB) cardholders. This is significant for Navan considering that Citi is the third […]
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Navan takes a swipe at expense management startups with new Mastercard and Visa partnerships
Want more fintech news in your inbox? Sign up here. In recent years, a number of startups have made a business out of providing corporate credit cards to companies. These players compete not only with each other but with legacy providers such as Concur and Expensify by offering automated expense management. Many of these startups […]
Jun 12, 2023
Expense management startup Navan cuts staff to find profitability ahead of delayed IPO
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. The Information first broke the news. “Navan has recorded strong growth over the past three years despite the challenges affecting our industry,” the spokesperson wrote via email, describing the cuts […]
Dec 5, 2023
Mynt raises a cool $23M on a $210M valuation to build a smarter expense card for SMEs
Small and medium businesses are getting more love in the world of fintech these days, and one example of that is the growth of a startup out of Sweden. Mynt, which has built an AI-based platform for corporate cards and spend management catering to SMEs, has closed a round of €22 million ($23 million) on the back of seeing its customer base grow to 12,000 SMEs from just 3,000 a year ago. Vor Capital, a London-based investment firm that had previously backed Mynt, is leading the round, with othe
Dec 11, 2024
Brex expands into group events while Mesh Payments moves into travel
As the spend management space continues to get more competitive, the various players seem to be constantly iterating to add new features to their products. Today, fintech startup Brex announced it is moving in an unexpected direction with its travel offering while Mesh Payments said it’s expanding into travel in addition to general expense management. […]
Aug 14, 2023
