Skift Take
— Dennis Schaal
Citi and Navan will soon be marketing a co-branded travel and expense solution for Citi Commercial Bank cardholders. The tools, powered by Navan, initially will be available only in the U.S., the two companies announced Thursday.
The deal will enable Citi and Navan to compete with travel and expense management rivals, such as SAP Concur, Expensify, and Egencia. The co-branded solution now borders on an in-house solutions for corporations that hand out Citi Commercial Bank cards to their employees.
With the deal, Citi could potentially expand its commercial card business by offering a travel booking and expense management technology.
Citi will leverage Navan Connect, which the company states eliminates expense reports for traveling employees and reconciles transactions…