As competition intensifies in the spend management space, startups Brex and Mesh Payments are expanding their offerings to include travel management. Brex has introduced a group events feature, allowing customers to book and manage events such as offsites and conferences. The feature helps with travel logistics and expense management, but does not cover vendor hiring. Since launching its travel product, Brex has seen a significant increase in travel bookings. Mesh Payments, on the other hand, has built AI-enabled travel and expense spend management capabilities to streamline workflows. The startup aims to compete with companies like Brex, Ramp, and Navan in the travel expense management space.
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