Nik Milanović @ndm.bsky.social · 01/11/2025From two founders in Palo Alto to a $6 billion public company, Navan shows what happens when AI meets the most human part of business: travel. 100
Nik Milanović @ndm.bsky.social · 01/11/2025Navan’s IPO is a reminder that profitable scale, AI-driven automation, and user-first design can still create breakout stories – even in a crowded SaaS market. 100
Nik Milanović @ndm.bsky.social · 01/11/2025According to CEO Ariel Cohen: “You’re always one click away from Ava – our chatbot to fix a flight, connect to a new hotel, whatever you need.” 100
Nik Milanović @ndm.bsky.social · 01/11/2025Early investors who held through the long runway – Lightspeed, a16z, Oren Zeev, Greenoaks, Premji, Group 11, are seeing the payoff after a decade-long build. 100
Nik Milanović @ndm.bsky.social · 01/11/2025Navan ranked #39 on the CNBC Disruptor 50 and is now among 2025’s largest software IPOs – a rare feat for a company rebuilt from pandemic shutdown to global rollout. 100
Nik Milanović @ndm.bsky.social · 01/11/2025That turned into a $600M+ revenue business and a category-defining example of AI-first SaaS at enterprise scale. 100
Nik Milanović @ndm.bsky.social · 01/11/2025The founders, Ariel Cohen & Ilan Twig, started in 2015 with a simple idea: Make corporate travel painless, automate the admin, and give finance teams visibility in real time. 100
Nik Milanović @ndm.bsky.social · 01/11/2025Navan’s platform compresses a 45-minute trip booking into 7 minutes, saving clients ≈ 15% in travel costs. It’s built around Ava, the AI assistant now handling ~50% of user interactions – from rebookings to receipts. 100
Nik Milanović @ndm.bsky.social · 01/11/2025Behind the market noise, the numbers tell a stronger story: → $613 million trailing-12-month revenue (+32%) → $7.6 billion in annual bookings (+34%) → Over 10,000 enterprise customers – from OpenAI to Unilever to Blue Origin. 100
Nik Milanović @ndm.bsky.social · 01/11/2025Navan’s public debut marks a new chapter for AI-driven SaaS. The corporate-travel and expense “super app” (formerly TripActions) listed on Nasdaq as $NAVN, raising $923 million at a $6.2 billion valuation. 100
Nik Milanović @ndm.bsky.social · 30/10/2025If the IPO proceeds, it’ll be the moment Ethereum’s builder economy meets Wall Street – on equal footing. 000
Nik Milanović @ndm.bsky.social · 30/10/2025A spokesperson told CoinDesk the firm has “nothing to announce at this time” – but said it’s constantly exploring opportunities to expand its impact. 100
Nik Milanović @ndm.bsky.social · 30/10/2025Consensys also backs SharpLink, which just deployed $200M in onchain yield strategies on Linea, its own Layer 2. 100
Nik Milanović @ndm.bsky.social · 30/10/2025The timing isn’t random: → Circle, Gemini, and Bullish all went public this year → U.S. regulatory clarity is improving → Institutional interest in Ethereum is accelerating 100
Nik Milanović @ndm.bsky.social · 30/10/2025MetaMask alone is used by millions to manage tokens, hold crypto, and connect to apps across Web3. 100
Nik Milanović @ndm.bsky.social · 30/10/2025Founded by Ethereum co-founder Joe Lubin, Consensys builds the tools that make Ethereum usable: → MetaMask → Linea (Layer 2 network) → Developer + enterprise tooling 100
Nik Milanović @ndm.bsky.social · 30/10/2025If it lists, it would be the largest Ethereum-native public debut ever. And another sign that crypto infrastructure is moving into capital markets. 100
Nik Milanović @ndm.bsky.social · 30/10/2025Ethereum’s biggest builder is heading for Wall Street. @Consensys, creator of @MetaMask, is preparing for an IPO – with @JPMorgan and @GoldmanSachs as lead underwriters. 100
Nik Milanović @ndm.bsky.social · 29/10/2025Barclays is buying distribution, technology, and speed – the pillars of modern consumer finance. 000
Nik Milanović @ndm.bsky.social · 29/10/2025The strategy: → Use Barclays Bank Delaware as the U.S. platform → Combine digital risk, servicing, and data capabilities → Complement its co-brand credit card business 100
Nik Milanović @ndm.bsky.social · 29/10/2025Barclays CEO C.S. Venkatakrishnan called the U.S. consumer market “deep and sophisticated” and said it’s where the bank sees its biggest growth runway. 100
Nik Milanović @ndm.bsky.social · 29/10/2025Some deal details: → $800M consideration (high single-digit P/E multiple) → $7B+ originations expected this year → Accretive to RoTE & EPS in 2027 → Closes Q2 2026 (after the AA co-brand receivables sale) 100
Nik Milanović @ndm.bsky.social · 29/10/2025For Barclays, this isn’t just about growth. It’s about shifting from interest income to platform income – scaling like a fintech, not a legacy lender. 100
Nik Milanović @ndm.bsky.social · 29/10/2025Best Egg’s model is capital-light: → Earn fees from loan origination + servicing → Funded via securitization + forward-flow deals → Services $11B in personal loans 100
Nik Milanović @ndm.bsky.social · 29/10/2025The deal adds 2M customers and expands Barclays’ footprint in the world’s most competitive lending market. 100
Nik Milanović @ndm.bsky.social · 29/10/2025Barclays just made an $800M move into U.S. consumer finance. It’s buying Best Egg, a personal-loan platform that’s originated $40B+ since 2013. 100
Nik Milanović @ndm.bsky.social · 28/10/2025The message is clear: Stablecoins are becoming a core banking instrument – programmable, regulated, and ready for scale. 000
Nik Milanović @ndm.bsky.social · 28/10/2025As Coinbase’s Brian Foster put it: “Banks, brokers and fintechs are looking for partnerships involving a range of services including spot and derivatives trading, custody, staking and payments.” 100
Nik Milanović @ndm.bsky.social · 28/10/2025Citi’s own “Future of Finance” team projects the stablecoin market could top $1T in five years (up from ~$300B today). 100
Nik Milanović @ndm.bsky.social · 28/10/2025@Coinbase brings the infrastructure – it already powers 250+ financial institutions globally under its Crypto-as-a-Service arm. 100
Nik Milanović @ndm.bsky.social · 28/10/2025Citi already built a tokenized-deposit platform that lets clients move money 24/7 within its network. Stablecoins are the next step. 100
Nik Milanović @ndm.bsky.social · 28/10/2025@Citi’s Head of Payments, Debopama Sen, says clients want “programmability, conditional payments, and 24/7 efficiency.” That’s what stablecoins can unlock. 100
Nik Milanović @ndm.bsky.social · 28/10/2025The collaboration focuses on: → Seamless transfers between crypto ↔ fiat, including cross-border. → Exploring on-chain stablecoin payments for institutions. 100
Nik Milanović @ndm.bsky.social · 28/10/2025Citi just partnered with Coinbase to bring stablecoin payments to corporate clients. What started as a crypto experiment is now crossing into mainstream banking infrastructure. 100
Nik Milanović @ndm.bsky.social · 23/10/2025From custody-grade infrastructure to consumer wallets – Fireblocks is quietly building the connective tissue of the on-chain economy. 000
Nik Milanović @ndm.bsky.social · 23/10/2025With this deal, Fireblocks steps closer to becoming the underlying wallet and payment layer for the next generation of digital asset applications. 100
Nik Milanović @ndm.bsky.social · 23/10/2025The goal: make it easier for developers and enterprises to integrate stablecoins, tokenization, and crypto payments, without sacrificing security. 100
Nik Milanović @ndm.bsky.social · 23/10/2025Fireblocks already serves 2,000+ clients and handles $85B/month in transactions. The acquisition merges Dynamic’s wallet stack with Fireblocks’ MPC + secure hardware WaaS platform. 100
Nik Milanović @ndm.bsky.social · 23/10/2025Dynamic was founded by Itai Turbahn and Yoni Goldberg, Israeli-born MIT grads. It raised $21M (a16z crypto, Founders Fund) and its 30-person team will join Fireblocks. 100
Nik Milanović @ndm.bsky.social · 23/10/2025Dynamic supports 50M+ wallets and simplifies everything from creation to authentication and onboarding. It’s Fireblocks’ first step beyond banks and institutions – into developer- and consumer-facing crypto rails. 100
Nik Milanović @ndm.bsky.social · 23/10/2025Fireblocks just made its biggest move yet toward consumer crypto. The $8B blockchain infrastructure firm is acquiring Dynamic, an a16z-backed wallet platform, for $90M. 100
Nik Milanović @ndm.bsky.social · 21/10/2025Crypto exchanges are no longer just trading venues. They’re becoming the new investment banks of the on-chain economy. 000
Nik Milanović @ndm.bsky.social · 21/10/2025Coinbase Chief Business Officer Shan Aggarwal said it best: “Our goal is to make capital markets more open and accessible.” 100
Nik Milanović @ndm.bsky.social · 21/10/2025Echo’s latest product, Sonar, opened public token sales to a broader investor base earlier this year. That line between venture capital and on-chain fundraising is fading fast. 100
Nik Milanović @ndm.bsky.social · 21/10/2025The timing lines up with a friendlier U.S. crypto environment under President Trump, including a national Bitcoin reserve and pro-innovation regulators. 100
Nik Milanović @ndm.bsky.social · 21/10/2025Quick context: → 8th acquisition this year → Largest was Deribit for $2.9B (May) → Market cap: ~$90B → Shares up ~40% YTD 100
Nik Milanović @ndm.bsky.social · 21/10/2025For Coinbase, the deal expands its role beyond trading – building toward a full-stack capital-formation platform. A place where crypto companies can raise, list, and distribute tokens in one ecosystem. 110
Nik Milanović @ndm.bsky.social · 21/10/2025Echo lets crypto projects raise capital directly on-chain – across private and public token sales. It’s already helped raise $200M+ since launching last year. Founded by well-known trader Jordan Fish (Cobie). 100
Nik Milanović @ndm.bsky.social · 21/10/2025Coinbase just made its 8th acquisition of the year, and it’s a big play for the future of crypto capital markets. The exchange is buying Echo, a blockchain fundraising platform, in a $375M cash-and-stock deal. 100
Nik Milanović @ndm.bsky.social · 20/10/2025A $1 billion deal. A 40-year-old treasury network. And a signal that corporate finance’s next rails are being written on-chain. 000
