Nav Technologies

lendingcredit scoring

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 19/01/2021

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About

Nav is an early-stage fintech company that’s fueling entrepreneurial success in America by helping business owners understand their credibility data, save money and always be loan-ready. Its desktop and mobile apps provide free access to personal and business credit reports, self-help tools and a marketplace that connects business owners to the best financing. Nav was recently named to the Forbes Fintech 50 List, which honors America’s most innovative financial technology companies. Nav has offices in Silicon Valley (San Mateo) and Salt Lake City (South Jordan), and is backed by leading VC firms, including Kleiner Perkins Caufield and Byers.

MEDICI Analysis

Nav enables small business owners to access the financing needs what they need to grow and effectively manage their business. It provides owners tools to take control over their credit profiles which offers both personal and business credit data and insights for free.

Focus

PRODUCTS & SERVICES

Nav allows business users to manage and leverage their financial data by checking their personal and business credit reports to understand their financials. It analyzes the users's business bank account data and helps them to improve their cash flow. It also offers business financing for users looking to raise working capital. It automatically heads over to the marketplaces to check their approval odds for the top business credit cards and loans and It allows them to apply for the same through the application. It also sends credit monitoring alerts and personalized funding recommendations to users.

REVENUE MODEL

1. Marketplace (referral) to credit and finance parters, 2. Premium content and credit details

MAIN CLIENTS

Small Businesses

PRIMARY PROBLEM SOLVED

Small business access to capital and creditworthiness of vendors and customers.

COMMENT

The compant has launched its free Business Loan Reality Check mobile app, which evaluates a business owner's cash flow to give additional insights into their borrowing power. (May 2017)

company provided insights

Traction

COMPANY TYPE:

For Profit

REVENUE

$1.0M - $4.99M

NUMBER OF TRANSACTIONS:

7 K

TRANSACTIONS VALUE:

3.2 M

ACTIVE USERS:

120,000

TRACTION COMMENT:

The company recently launched its free business loan reality check mobile app, which evaluates a business owner’s cash flow to give additional insights into their borrowing power (May 2017).

company provided insights

Acquisitions

ACQUIREE NAME

Fundastic

ANNOUNCED DATE

Oct 2015

PRICE

---

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,040,525

AVERAGE VISITS (6 MONTHS)

750,046.22

MONTHLY VISITS GROWTH

-19.37%

VISIT DURATION

144

VISIT DURATION GROWTH

-14.69%

PAGE VIEWS VISIT

2.56

PAGE VIEWS VISIT GROWTH

-4.34%

BOUNCE RATE

67.89%

BOUNCE RATE GROWTH

5.38%

GLOBAL TRAFFIC RANK

49,018

MONTHLY RANK CHANGE

3,526

MONTHLY RANK GROWTH

7.75%

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Nav, Inc.

About

Nav is an early-stage fintech company that’s fueling entrepreneurial success in America by helping business owners understand their credibility data, save money and always be loan-ready. Its desktop and mobile apps provide free access to personal and business credit reports, self-help tools and a marketplace that connects business owners to the best financing. Nav was recently named to the Forbes Fintech 50 List, which honors America’s most innovative financial technology companies. Nav has offices in Silicon Valley (San Mateo) and Salt Lake City (South Jordan), and is backed by leading VC firms, including Kleiner Perkins Caufield and Byers.

Focus

PRODUCTS & SERVICES

- Free access to both personal and business credit scores, and premium access to credit report details, as well as the FICO SBSS score, from multiple credit bureaus. - A marketplace that connects users to the best business financing and services based on their needs and credit profiles. - Free tools to establish, correct, and build a strong business credit profile.

REVENUE MODEL

1. Marketplace (referral) to credit and finance parters, 2. Premium content and credit details

TOP PROBLEM SOLVED

Small business access to capital and creditworthiness of vendors and customers.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

We are the only platform that sits on data from multiple bureaus for both personal and business credit.

PRIMARY CUSTOMER TYPE

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

Traction

ANNUAL REVENUE:

$1.0M - $4.99M

NUMBER OF TRANSACTIONS:

7 K

TRANSACTIONS VALUE:

3.2 M

ACTIVE USERS/ACCOUNTS:

120,000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Efficient performance based marketing

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

120007

People

NUMBER OF EMPLOYEES

51-200

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO