Navan (NASDAQ: NAVN), the global AI-powered business travel and expense platform, announced that Wise (Nasdaq:WSE, LSE:WISE), the global financial technology company building the best way to move and manage the world's money, has selected Navan to manage its business travel program.

“Our teams travel across the world to work together and support our customers, so it's important that booking and managing travel is straightforward,” said Hanro Hennig, VP Global Real Estate, Workplace and Risk at Wise. “We're working with Navan to make that experience simpler, while giving us better visibility and control over travel costs.”

Key anticipated benefits of the partnership include:

• Better choice: A wider range of airfares means that employees are offered a broader, better experience for long-haul trips.
• Cost savings: Navan is helping Wise manage travel costs more efficiently through access to competitive fares, negotiated hotel rates and smarter booking tools.
• Clearer reporting: Real-time cost-center data, traveler tracking, and carbon reporting give Wise a more detailed view of travel activity and spend.

“Wise has built its business around making it easier for people to move money around the world. We’re excited to bring that same focus to their business travel,” said Zahir Abdelouhab, SVP, Enterprise Sales, EMEA at Navan. “Navan will help Wise cut down on manual reporting and give its teams a clearer view of where people are traveling, what it costs, and where there’s room to save.”

Wise joins a growing list of nearly 1,500 financial institutions worldwide that are Navan customers, including Visa, Block, and Investec.