How Navan Built a $7Bn Fintech Inside a Travel Company, with President Michael Sindicich

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I sat down with Michael Sindicich, President of Navan, the AI-powered travel, expense, and payments platform that works with 50 of the S&P 500. In 2020, one week after launching its payments product, Navan's revenue went to zero, and the board chose to go on offense. Five years later, Navan became the first company to go public during a U.S. government shutdown and watched its stock fall from $25 to about $8. We talk about the decision that defined the company, what it was like inside Navan when the stock was falling, and how a reconciliation headache turned a travel company into a fintech.

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Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.

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