Nav provides an app that helps small businesses find the best financing from more than 110 business financing products, including loans and credit cards, and offers free access to business and personal credit reports from major commercial and consumer credit bureaus. The company has partnerships—such as a multi-year integration with Clover and a collaboration with Equifax—that enable it to deliver free small business credit data from Equifax, Experian and Dun & Bradstreet. Led by co-founder and CEO Levi King, Nav powers credit data and insights for more than 1 million small business owners. The company will use its new funding to expand enterprise partnerships, introduce more small business owners to its platform and drive additional data insights for customers. Financially, Nav completed a $44.8m Series C funding round in 2019, which it will deploy to grow its platform and partnerships. Nav helps small businesses access credit scores, credit monitoring, and targeted financial advice, with most users using the free credit-score service and an optional paid advice plan (~$20/month). Co-founder and CEO Levi King built the company out of frustration that small-business owners had no central place for credit and financial education, and he describes Nav as a “Credit Karma for small businesses.” The company says it serves over 200,000 customers across industries from retail and restaurants to dentists. Nav aims to improve small-business lending outcomes and reduce small-business failure by cleaning early-stage data and offering actionable advice. The company is based in San Mateo, California, with offices in Salt Lake City, and was founded in 2012. Nav has been scaling with external capital, including the recent Series B financings noted below. Nav operates a web site and mobile app that give users free access to personal and business credit reports, self-serve tools to build business credit, and a financing marketplace that estimates approval odds based on credit profiles. Led by CEO and co-founder Levi King, Nav’s technology is already used by more than 150,000 small business owners and it has partnerships with more than 40 top business lenders and credit card providers. The company provides actionable tools to help business owners improve their profiles and an algorithm that matches them to their most-qualified funding options. Nav is based in San Mateo, California, and maintains offices in Salt Lake City. As part of its growth, Nav plans to integrate its product with partner data to deepen marketplace matching and credit insights. Creditera is a credit and information provider for small and medium-sized businesses. The company launched a free membership service at Money20/20 in Las Vegas that gives access to personal and business credit information through a comprehensive integration of available financial data. It offers consulting and alerting services to help business owners register with credit bureaus, establish trade accounts, ensure accuracy of credit reports, and identify areas that require attention. Creditera also operates a commercial marketplace that matches small business owners with products and services—such as commercial loans and business credit cards—based on their scores. The company announced a $6.5 million Series A that closed earlier in the year, led by Kleiner Perkins Caufield & Byers with participation from Peak Ventures and other undisclosed backers. Co-founder and CEO Levi King said the free membership is intended to help small businesses proactively take control of their credit to access faster funding and improved cash flow. Creditera offers a single sign-on platform that consolidates personal and business credit reports, scores, and alerts so business owners can monitor both credit profiles from one account. The product includes unlimited access to Experian credit reports and scores, email/SMS alerts, $1 million in identity theft insurance, and identity recovery services. The company launched in beta in January 2013, became cash-flow positive in March 2013, and is based in Utah with 11 employees. Creditera has partnered with Experian and is working on additional partnerships to expand its credit data sets. Founder and CEO Levi King built the company from experience using personal and business credit to grow prior ventures and emphasizes educating and protecting small-business owners. Pricing is tiered at $30/month for consumers, $80/month for businesses, and $100/month for combined consumer and business access.

Total raised

$90M

Funding rounds

5

Latest round

Series C

Latest activity

Feb 2019