Navan

Navan operates a B2B software platform centred on travel and expense workflows. It creates value by consolidating corporate travel booking, payments, expense automation, and analytics into one system, reducing leakage, improving policy compliance, and giving finance teams better control over employee spend. The model is stronger than a pure SaaS tool because it combines recurring software revenue with booking-related transaction economics and supplier-side commissions from travel inventory.

Navan is a US-based private enterprise software company that provides a unified platform for business travel management, expense management, corporate payments, and travel-and-expense analytics. Its platform is designed for companies rather than consumers, helping travel managers, finance teams, procurement teams, and employees book work travel, enforce policy, issue or connect corporate cards, automate expense reporting, and monitor spend in real time.

The company makes money through a hybrid model that combines software subscription fees with transaction-based travel revenue and supplier commissions. Its customer base spans SMBs and larger enterprises, with additional value created through integrations into finance, HR, ERP, and identity systems. Navan has also broadened its service and geographic coverage through acquisitions, particularly in Europe and higher-touch managed travel services.