PALO ALTO, Calif., Oct 12 — Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, today announced it has been selected by Investec, a leading international bank and wealth manager, to upgrade its global travel program.
“As Investec continues its digital transformation, we’re excited to partner with an AI-first travel platform to increase adoption and improve operational efficiency,” said Lyndon Subroyen, Investec Group Chief Technology and Operating Officer.
As a dual-listed company in the United Kingdom and South Africa, Investec sought a partner to consolidate its travel operations, reduce administrative work, and improve the booking experience for its workforce. Investec needed a solution to increase platform adoption and help employees travel more cost-efficiently.
Key Anticipated Benefits:
- Higher adoption by providing access to Navan’s inventory, which includes more than 600 airlines, over 2 million lodging properties, and major rail and rental-car providers.
- Operational efficiencies through automated reconciliation that saves finance teams time and gives them accurate, real-time visibility.
- Cost savings through increased adoption, access to expanded inventory, and improved policy compliance.
“Navan is proud to help Investec modernize its global travel program,” said Zahir Abdelouhab, SVP, Enterprise Sales, EMEA, Navan. “This will be a lighthouse account in the banking sector, and when an organization as respected and influential as Investec puts this kind of focus on the travel experience, it sends a strong signal to the rest of the industry.”
Navan continues to build on its momentum in financial services, serving nearly 1,500 financial institutions globally, a 36% increase year over year in FY2026. Financial services companies are also increasing their investment in business travel: for the 12 months ended August 31, 2026, flight bookings were up 12%, hotel bookings were up 9%, and expense transaction volume was up 7% year over year. Navan serves multinational financial services companies and fintechs such as Visa, Paysafe, and Block.
