Nav
 | |
| private | |
| ISIN | 🆔 |
| Industry | Fintech |
| Founded 📆 | 2012 |
| Founders 👔 | Caton Hanson and Levi King |
| Headquarters 🏙️ | Salt Lake City San Mateo, California |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Nav is an American fintech company.
History[edit]
Nav was founded in 2012 by Caton Hanson,[1][2] and Levi King[3] in Salt Lake City. It next opened an office in San Mateo, California.[4] It was originally known as Creditera.[5] The president of the company is Greg Ott,[6] with Levi King serving as CEO.[7] The company was established to give small business owners access to their business credit scores.[8] By January 2018, Nav had facilitated about twenty thousand credit approvals.[9]
Business[edit]
The Nav marketplace houses about one hundred financial products, including business loans and credit cards.[3] Products can use either a company credit score or personal credit score in qualifying for credit.[1] The company also uses artificial intelligence.[10] Its platform is also used to manage SME financial data with a target of accessing working capital, and provides credit scores.[11]
Funding[edit]
In 2015 the company received $6.5 million in funding,[8] and acquired the company Fundastic.[5] In 2017 the company received $37.7 million in venture capital funding in a round led by Goldman Sachs.[4] In 2019, Nav received an additional $45 million in funding,[12] in a round led by Goldman Sachs, Point72 Ventures, and Experian Ventures.[3]
Recognition[edit]
In 2018 Nav appeared on the Entrepreneur 360 list at number 29.[13]
COVID-19[edit]
Nav is now guiding individuals through COVID-19 related loans and applications are available for completion on their website.
References[edit]
- ↑ 1.0 1.1 "Optimism Won't Keep Small-Businesses Thriving, Credit Will - Kivo Daily". MSNBC.
- ↑ "With New Funding In Tow, Lendio And Creditera Are Helping Small Businesses Secure Loans And Avoid Bad Credit".
- ↑ 3.0 3.1 3.2 February 2019, 13th. "Goldman Sachs leads $44m funding in US business credit start-up Nav". FinTech Futures.
- ↑ 4.0 4.1 "Nav raises $13 million to help small businesses with credit scores".
- ↑ 5.0 5.1 Rawle, Chris (12 July 2016). "Creditera Re-Brands as Nav, Acquires Fundastic". Beehive Startups.
- ↑ Raymond, Art (12 February 2019). "Small business credit startup Nav scoops $44 million in fresh funding". DeseretNews.com.
- ↑ PYMNTS (25 October 2018). "Nav, Clover Pair To Bring Small Firms Their Credit Scores".
- ↑ 8.0 8.1 "Creditera raises $6.5 million; launches free SMB consulting".
- ↑ "Online Marketplace Lender Nav Facilitated More Than 20,000 Small Business credit Approvals in 2017". Crowdfund Insider. 11 January 2018.
- ↑ "Top Workplaces - Nav".
- ↑ "Business Financial Management App Nav Secures $44 Million During Series C Funding Round Led By Goldman Sachs". Crowdfund Insider. 11 February 2019.
- ↑ "Small-business fintech Nav raises $45 million". American Banker.
- ↑ "The Best Entrepreneurial Companies in America". Entrepreneur.
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