Friday, May 5, 2017

Nav Gets $13M For Small Business Credit Service

Nav, a fintech startup which offers up a service to help small businesses manage their credit, has raised $13M in a Series B funding. The company, which has offices in Draper, Utah, disclosed the funding on Friday. The funding was led by Goldman Sachs, and also included Point72 Ventures, Clocktower Ventures and the CreditEase Fintech Investment Fund. Nav offers up business credit cards, business loans, as well as various tools to manage business credit. The company was founded by Levi King (co-founder of Lendio) and Caton Hanson. The company's corporate headquarters are in San Mateo, California, however, its engineering operations--and most of its posted job openings--are based in Draper.