Navan Groups Up with Brex for Built-in Fee Providing

Corporate card and spend management platform Brex has
partnered with Navan to launch a payment solution integrated in the Navan
travel platform, the companies announced.

With BrexPay for Navan, Brex cards are embedded in Navan’s, the
former TripActions, travel management software, so payment on bookings
through Navan is automatically reconciled, the companies said. Each booking is
linked to a traveler and trip automatically via a per-booking virtual card
number for reporting.

Brex, which works on the Mastercard network, is able to
issue local currency cards in more than 50 countries, which enables customers
to avoid foreign exchange fees. The partnership enables clients to ship and
manage physical Brex cards for employees within the Navan platform, the
companies said. In addition, companies can enforce policies via Navan on Brex
T&E cards.

Engineering teams from both companies developed BrexPay for
Navan, using Navan
Connect, a card link technology that enables its expense management
features on enrolled corporate cards. It also is built off Brex Embedded,
Brex’s API tool that enables connections with procurement, travel and ERP
providers.

“By combining Brex’s fast onboarding, global acceptance
and homegrown financial stack with Navan’s end-to-end business travel offering
into one solution, customers now have access to a payments and travel
experience that is beyond any other corporate travel and payments
solution,” Brex CEO Pedro Franceschi said in a statement.

BrexPay for Navan currently has “dozens of customers
already live,” according to a joint blog post by Franceschi and Navan CEO
and co-founder Ariel Cohen.

Policy controls  and
payment automation also were a key component of the integrated travel and
expense offering launched
last year by Center and Spotnana. The integration included a reconciliation
model for travel itineraries and receipts via Center’s card offering, and
bookings are run through a company’s policy controls.