Nav Technologies, Inc. Company Research Report

Company Overview

• Name: Nav Technologies, Inc.

• Mission: To provide small business owners with the guidance and financial tools necessary to succeed, focusing on improving access to business credit and financial health.

• Founded: No specific founding date provided.

• Founders: Levi King and Caton Hanson.

• Key People:

• Levi King (Co-founder and member of the Board of Directors)

• Randy Komisar (Board Member)

• Jade Mandel (Board Member)

• Steve Platt (Board Member)

• Janet Zablock (Board Member)

• Grace Liu (Chief Financial Officer, as of January 23, 2025)

• Headquarters: No information is available.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Providing a suite of financial services that includes tracking business and personal credit scores, matching small businesses to funding options, and helping businesses manage cash flow.

Products

• Nav Prime:

• Description: A membership service for small business credit building.

• Key Features: Provides tradeline reporting that improves business credit scores and increases the likelihood of lending approval.

• Credit Health:

• Description: A platform that offers insights into business and personal credit side-by-side.

• Key Features: Real-time alerts, credit tracking, and control over factors impacting credit scores.

• Nav Prime Card:

• Description: A credit card issued by Thread Bank through Nav.

• Key Features: Usable wherever Visa cards are accepted under specific terms.

• Nav Business Checking:

• Description: A business checking account product.

• Key Features: Specifics not provided.

• Mobile App:

• Description: An app that centralizes Nav's financial tools for small businesses.

• Key Features: Consolidation of features offered by Nav’s other products.

Recent Developments

• New Products/Features:

• Nav launched a new Credit Health Experience aimed at boosting small business growth (April 10, 2024).

• Introduction of the “Next Best Option” feature to assist SMBs that are declined for funding (January 17, 2024).

• Partnerships:

• Partnered with Fundbox to enhance capital access for small businesses (March 5, 2024).

• Collaboration with Gusto to address cash flow challenges faced by small businesses (February 27, 2024).

• Personnel Changes:

• Grace Liu appointed as Chief Financial Officer (January 23, 2025).

• Three new leadership hires were made to support ongoing growth (February 7, 2024).

In summary, Nav Technologies, Inc. is focused on improving the financial well-being of small businesses through a comprehensive suite of services that streamline access to credit health insights, financing options, and business management tools.