Navan (NASDAQ: NAVN), a business travel and expense platform, announced it has been selected by Investec, a bank and wealth manager dual-listed in the United Kingdom and South Africa, to manage its global travel program.

Investec sought to consolidate its travel operations, reduce administrative work, and improve the booking experience for its workforce. The anticipated benefits include access to Navan's inventory of more than 600 airlines, over two million lodging properties, and major rail and rental-car providers, along with automated expense reconciliation and improved policy compliance.

"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.

According to a press release from Navan, the company serves nearly 1,500 financial institutions globally, a 36% increase year over year in FY2026. For the 12 months ended August 31, 2026, flight bookings among its financial services clients were up 12%, hotel bookings were up 9%, and expense transaction volume was up 7% year over year. Navan also serves Visa, Paysafe, and Block.