Navan provides a travel and expense management platform tailored for enterprises. The platform enables users to efficiently book, view, and manage their business travel and expenses through a cloud-based and mobile interface. It incorporates AI technology to streamline processes and offers features like Navan Rewards, which incentivizes employees to save on travel costs by providing rewards for cost-effective decisions. Additionally, the Navan card integrates expense management directly into the travel booking experience. Unlike many competitors, Navan focuses on balancing business needs with modern standards while promoting diversity and inclusion within its workforce. The company's goal is to enhance human connections, improve operational efficiency for businesses, and facilitate better decision-making through data insights.

Lightspeed Venture Partners

Zeev Ventures

Andreessen Horowitz

Premji Invest

Group 11

Vista Equity Partners

Coatue Management

Silicon Valley Bank

Greenoaks Capital Partners

Goldman Sachs

Dovi Frances

Addition VC

Elad Gil

Base Partners

Data & Analytics

Enterprise Software

Fintech

Navan

Brex has revamped its partnership program designed for accounting, bookkeeping and outsourced and fractional CFO firms. The Brex Accounting Partnership Program now includes new product experiences, services and dedicated programs for accounting professionals, the company said in a blog post. “We made it a priority to recommit to our accounting partnership program and help make it a growth accelerator for firms,” Pedro Franceschi, CEO and co-founder of Brex, said in the post. “This upgraded experience will extend the power of our spend and accounting solutions at scale and enable partner firms to serve their clients more efficiently.”

Brex Launches Revamped Partnership Program For Accounting Firms

Here's our roundup of the people, product and partner news from the global travel industry this week.Sabre Hospitality, Lotte Hotels  ResortsSabre Hospitality is now. the primary reservation platform for Lotte Hotels  Resorts, a hotel group. in Korea

Phocuswire'S Weekly Travel Tech News Briefs: Sabre, Navan, Amtrav And More

LOS ANGELES, June 26, 2024 /PRNewswire/ -- LA-based Venture Capital firm Group 11 was named #1 Top Performing Venture Capital Fund Manager in America and #1 Top Performing Venture (General) Fund Manager in America by Preqin .The Awards recognize market leaders and top industry performers across hedge funds and private capital that are shaping and transforming the alternative assets industry globally.Christoph Knaack, Chief Executive Officer of Preqin, said, "At Preqin, we strive to make the alternative assets industry more transparent through our rigorous collection and verification of data, as achieved by combining cutting-edge technology with extensive relationship building conducted by our team of almost 500 researchers globally."The Preqin Awards spotlight the exceptional performance of Group 11, particularly in comparison to other firms. This accolade underscores the firm's robust investment thesis, meticulous portfolio management, value creation, and unwavering commitment to delivering value to its investors.Dovi Frances, Founding Partner of Group 11, stated, "I am deeply honored to be recognized as the #1 Top Performing Venture Capital Fund Manager in America and the #1 Top Performing Venture (General) Fund Manager in America by Preqin. Since founding our firm 10 years ago, we have chosen to stand out by being sector-specific, agile, heavily investing in Israeli-related tech, and publicly sharing our performance insights through in-depth macro-research. Our distinct approach continues to define us. This achievement would not have been possible without the support of our LPs, our talented founders and portfolio companies, and, of course, my incredible team."Group 11's consistent success in generating strong returns solidifies its reputation as a trusted partner for entrepreneurs seeking capital and strategic guidance, and as a leading venture capital firm for investors seeking exceptional returns.About:Group 11 invests in visionary entrepreneurs who are utilizing the unstoppable momentum of AI and FinTech to redraw the landscape of their respective industries. With a goal of creating change across generations and building long term value through technology, Group 11 has emerged as a coveted partner to veteran entrepreneurs at the forefront of their fields.Since its inception in 2012, the top quartile firm has deployed over $600 million across six funds and 14 SPVs in some of the world's most prominent and disruptive technology companies, including: Tipalti , Navan , Next Insurance , HomeLight , Sunbit , Masterschool , Healthee , Dream , and BridgeWise .To learn more: www.group11.vcSOURCE Group 11

Group 11 Named #1 Top Performing Venture Capital Fund Manager In America

Airline software provider Accelya is launching FLX Select, a platform. to enable a fast and standardized deployment of IATA’s New Distribution. Capability (NDC) standard.The company says the product can help airlines implement NDC offer

Accelya Introduces New Service To Expedite Ndc Implementation

Rho and Navan have launched a unified finance suite that customers can use to manage corporate travel and expenses, enforce expense policy compliance, send payments and close the books. This co-branded solution brings together the capabilities of Rho Corporate Cards and the Navan travel and expense super app, the companies said in a Thursday (May 23) press release. “With Rho, Navan customers now have an out-of-box set of financial tools from a trusted financial partner to help them proactively control spend as they scale while increasing operational efficiencies so companies can focus on the objectives that matter most,” Michael Sindicich, CEO of Navan Expense, said in the release

Rho And Navan Integrate Corporate Cards, Travel And Expense Platform

This week’s eclipse could mark a bright spot for companies in the travel sector. As Reuters reported Friday (April 5), parts of the U.S. that are on the “path of totality” are witnessing unprecedented demand for lodging from eager consumers who want to see the total solar eclipse, which will happen Monday (April 8).Airbnb says its listings on the path of totality — where people will be able to see the sun’s corona — have seen occupancy levels jump to nearly 90%. Occupancy for all active rental listings across the path in the United States, Canada and Mexico was at 92.4% for the evening of April 7, a sharp rise from about 30% a few days prior, according to travel data company AirDNA

Eclipse Spotlights A Revenue Opportunity For Travel Sector

Navan, the all-in-one solution that makes travel and expense easy, today announced the international expansion of Navan Connect, with availability now across nearly 250 global banks. The innovative card-link technology, which extends the “No Expense Reports” experience of Navan Expense to any enrolled corporate Mastercard® or Visa® card, will now support transactions made with cards issued in Europe and the UK as Navan revolutionizes the way businesses handle global expense management.Navan Connect redefines expense management, enabling 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. With the swipe of an enrolled card, expenses are automatically checked against company policy, categorized, and reconciled.“Today’s workforce is spread across the globe, and so are travel and expenses,” said Michael Sindicich, EVP and General Manager of Navan Expense. “Bringing Navan Connect to Europe will make it easy for multi-national companies with offices in the region. Navan’s promise to our customers is clear: we work hard to create smart solutions that help you manage expenses worldwide. Since launching in the US, customer demand for this product has been incredible — companies love the automation of Navan Expense, but are happy to keep their existing corporate cards and minimize change management.”Navan Connect is a significant development for international companies looking to localize and scale their travel and expense programs while maintaining visibility and control.Navan Expense, which launched in Europe in December 2021, offers a seamless experience for both admins and employees, with direct reimbursements in as little as 24 hours in more than 45 countries and nearly 30 currencies

Navan Expands “Byoc” Capabilities With Launch Of Navan Connect Across Europe - Fintech Finance

Navan – formerly TripActions – has made its fifth acquisition in two years, this time picking up Tripeur, a travel and expense management company based in India.Terms of.     the acquisition are not being disclosed.Founded in 2015, Tripeur provides a unified travel and expense solution for corporate travel.In a statement announcing the acquisition, Navan co-founder and CEO Ariel Cohen said the company.     has “spearheaded the transformation of the Indian travel market from offline to online, so this acquisition enables Navan to immediately solve for local obstacles, such as direct connections to local low-cost carriers and automated GST [goods and

Navan Acquires India-Based Tmc As Part Of Global Growth

And several leading public and private companies including Microsoft and business-travel software startup TripActions have partnered with OpenAI to upgrade and modernize their offerings with the help of ChatGPT, which is capable of performing tasks once reserved for humans.

Forge Startup News

Duty of care obligations mean companies are legally required to look after their traveling employees from a safety perspective.But, three years on from the start of the pandemic, there is talk beyond safety to more of a focus on traveler well-being - mental, physical and emotional.The changing nature of work - with people working from home or generally in a more distributed manner - in addition to the spotlight on corporate and social responsibility, are driving that focus on well-being generally as well as traveler well-being more specifically.Where there's a problem, solutions spring up and a number of travel management companies including Egencia, TripActions and CTM have developed dashboards to track traveler well-being based on drawing information from itineraries.Last December, Egencia unveiled its well-being dashboard, which aggregates data to enable travel managers to see the impact on an individual who is traveling.The change in working patterns was a key driver for the development of the solution. John Sturino, vice president of product and technology at Egencia, says: "Before the pandemic there were certain things that weren't thought of as part of the travel manager's job, and I think wellness was one of them. Once you get into a position as a general manager where you don't see people every day, a lot of those signals you used to have to say whether your folks are doing okay, went away."The dashboard, currently in alpha testing with customers, looks at 15 different indicators including the number of time zones traveled through, average traveling hours and number of red-eye flights to assess whether a trip might be creating stress as well as whether it's time to check-in with that traveler.     . Get a dose of digital travel in your inbox each day

Travelers Well-Being And The Shift To Purposeful Business Travel

Travel and expense management solution for enterprises

Navan

Travel and expense management solution for enterprises

Navan

Travel and expense management solution for enterprises

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