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FT Partners Advises Nav on its $44,800,000 Series C Financing

Overview of Transaction

  • On February 11, 2019, Nav announced it has raised $44.8 million in Series C Financing led by Goldman Sachs Principal Strategic Investments
  • Point72 Ventures, Experian Ventures, Aries and CreditEase FinTech Investment Fund also participated in the round
  • As part of Goldman Sachs' investment, Rana Yared, Managing Director in the Goldman Sachs Principal Strategic Investment group, moved from an observer on Nav's board to a voting director
  • Nav is a leading business financial management app that helps small business find the best financing by giving them free access to business and personal credit reports from major commercial and consumer credit bureaus
  • The Nav platform also helps small business owners make informed business credit decisions and hosts a robust marketplace with more than 110 business financing products such as loans and credit cards
  • To date, more than one million small business owners have access to their credit data and insights powered by Nav

Significance of Transaction

  • Nav will use the funding to expand enterprise partnerships, introduce more small business owners to its platform, and drive additional data insights for its customers

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Nav
  • FT Partners also previously advised Nav on its $38 million Series B financing
  • This transaction underscores FT Partners’ deep domain expertise across the Credit and Lending Tech space and highlights its position as the “Advisor of Choice” to leading FinTech companies