Citi and Navan Enter Into Travel and Expense Partnership

Key Points

• Citi and Navan will market a co-branded travel and expense solution for Citi Commercial Bank cardholders in the U.S.
• The partnership aims to compete with travel and expense management rivals, leveraging Navan's technology to eliminate expense reports and reconcile transactions.
• Navan benefits from Citi's extensive client base, including over 25,000 commercial card clients and 7 million cardholders globally.

Summary

Citi and Navan have announced a partnership to offer a co-branded travel and expense solution for Citi Commercial Bank cardholders in the U.S., aiming to rival companies like SAP Concur and Expensify. The deal will allow Citi to potentially expand its commercial card business and leverage Navan's technology, which eliminates expense reports and reconciles transactions. Navan stands to gain from Citi's vast client base of over 25,000 commercial card clients and 7 million cardholders worldwide.