Rho and Navan partner to deliver unified finance suite to save businesses time and money

NEW YORK, May 23, 2024 — Rho, the award-winning business banking platform, and Navan, the all-in-one travel and expense super app, today announced the launch of a new, jointly branded solution that helps companies simplify their finance stack and save time and money using the Rho Corporate Card. 

Rho and Navan partner to save finance teams time and money

Powered by Navan Connect, the new co-branded solution will allow businesses to add and manage Rho Corporate Cards—configured using the Rho platform—directly within Navan. Customers can manage corporate travel and expenses, enforce expense policy compliance, send payments, and close the books using Rho and Navan in a unified finance suite.

Typically, businesses must cobble together a patchwork of vendors and applications—separate providers for corporate cards, bill payments, travel booking and expense management, and business banking—all with different costs and workflows. As a result, business owners, bookkeepers, and finance teams experience frustration with expensive fees, lack of customer support and visibility over spending, and hours on manual administrative work. 

To help solve this, companies using Rho and Navan’s joint solution can: 

• Generate Rho Corporate Cards with customizable pre-spend rules that keep non-compliant swipes from processing
• Configure Navan expense rules that enforce your company spending policy and flag out-of-policy transactions so finance teams can prevent wasteful spending and fraud
• Handle expense reimbursements and manage an employee travel booking
• Accelerate month-end close by streamlining bank statements and credit card transaction reconciliation.

“We’re excited to partner with Navan to help businesses simplify the finance stack and save time and money,” said Everett Cook, Co-Founder and CEO of Rho. “The years we’ve spent building the world’s best business banking platform infrastructure opens up ample opportunities for Rho to explore compelling partnerships with world-class organizations like Navan."

Rho Corporate Cards integrate directly with the Navan travel and expense platform via Navan Connect, an innovative card-link technology that extends Navan’s magical “No Expense Reports” experience to authorized expense partners. Through Connect, travel and other spending policies can be embedded with Rho, relieving the employee burden of fronting money — while providing finance leaders with the assurance that every purchase is controlled before it’s made. 

“Small- and medium-sized businesses need a complete suite of financial tools to get them up and running quickly,” says Michael Sindicich, CEO of Navan Expense. “With Rho, Navan customers now have an out-of-box set of financial tools from a trusted financial partner to help them proactively control spend as they scale while increasing operational efficiencies so companies can focus on the objectives that matter most."

“The combo of Rho and Navan simplifies my team’s vendor management, expense reporting, and analytics,” said Allen Wang, VP of Finance at Locally. “They’re an excellent resource for businesses of our size, offering competitive cost-saving in travel booking and spend management.”

About Rho

Rho is the business banking platform with everything you need to manage your company cash and scale your business. Apply in minutes and enjoy 24/7 customer support plus enterprise-grade spend management – all with zero monthly, wire, or ACH fees. Learn more at rho.co

About Navan

Navan is the all-in-one super app that makes travel and expense easy so you can focus on being there, not getting there. Say goodbye to spending hours on the phone trying to change your flight or saving stacks of receipts to manually input expenses. From EAs and finance teams to travel managers and employees, Navan empowers people to concentrate on the things that matter most to them — all while providing companies with real-time visibility, savings, and control. Learn more at navan.com

Sign up for Navan and Rho today!

Learn how you can unify your fiannce stack, control spend, and save time and money with Rho and Navan today!‍

Rho is a fintech company, not a bank. Checking and card services provided by Webster Bank, N.A., member FDIC; savings account services provided by American Deposit Management Co. and its partner banks.