Business financial management app Nav raised $44.8 million in a Series C equity capital round led by Goldman Sachs Principal Strategic Investments with participation from Point72 Ventures, Experian Ventures, Aries, and CreditEase Fintech Investment Fund. Other investors include Silicon Valley staple Kleiner Perkins and Tencent Holdings, a Chinese multinational investment holding conglomerate.
Nav’s goal is to help small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus. According to the company, to date, one million small business owners have access to their credit data and insights powered by Nav.
Nav plans to use the funding to expand enterprise partnerships, introduce more small business owners to its platform, and drive additional data insights for its customers.