Nav Technologies, Inc: Overview
Nav Technologies, Inc. is a Utah-based fintech company focused on helping small businesses monitor and improve their credit health while connecting them with financing options. Founded in 2012, the company operates in the small business financial tools space and has a presence in Utah, with operations in Draper.
Nav combines business and personal credit monitoring, financial insights, and funding recommendations into a single platform. Instead of lending directly, it acts as a financial dashboard and connector, giving business owners visibility into their credit and helping them find financing options that match their profile.
The platform is built to address a common challenge for small businesses: the gap between understanding their financial position and qualifying for funding. By bringing together credit data and financing tools, Nav helps business owners make more informed financial decisions.
Website: www.nav.com
In Simple Terms
Nav helps business owners see their credit, understand it, improve it, and find funding they are more likely to qualify for.
It works like a credit monitoring tool plus a funding marketplace, designed specifically for small businesses. Instead of guessing where they stand financially, business owners can use Nav to track their credit and get matched with financing options based on their profile.
Growth
Nav was founded in 2012 by Levi King and Caton Hanson to solve a simple problem: many small business owners could not see their credit clearly or understand how to get funding.
Before starting Nav, Levi King co-founded Lendio. There, he saw that many businesses were getting denied or approved for loans that didn’t fit their situation. That led to a new idea: help business owners improve their credit before applying for funding.
Nav started as a tool to help people check their credit, and later grew into a platform that also helps them build credit and find funding options.
Today, Nav is used by over 1M small businesses, showing strong adoption among business owners.
The company has raised funding from investors like Goldman Sachs to support its growth.
Nav now operates from Draper, Utah, and San Mateo, California, and continues to focus on helping small businesses understand their credit and improve their chances of getting funding.
What Nav Does
Nav is a financial platform for small businesses, not a bank and not a direct lender.
It helps business owners:
- See their credit (both business and personal)
- Understand what affects it
- Improve it over time
- Find funding options that match their situation
Nav pulls data from major business credit bureaus like Dun & Bradstreet, Experian, and Equifax to give a more complete picture.
By putting everything in one place, Nav makes it easier for business owners to know where they stand and take the next step toward getting funding.
After a business is approved for financing, platforms like LoanPro help lenders manage the loan, including payments, balances, and servicing.
Main Products and Services
nav.com | Products and services
Nav offers tools that focus on credit visibility, credit building, and finding funding.
- Credit monitoring dashboard
- See business and personal credit scores in one place
- Credit data from major bureaus
- Combines information from different credit bureaus into a single view
- Nav Prime
- A paid service that helps businesses build credit over time
- Nav Credit Builder Card
- A card designed to support credit-building habits
- Financing marketplace
- Shows loans, lines of credit, and business credit cards based on your profile
- Cash flow insights
- Helps business owners understand how their finances look over time
- Credit education
- Simple explanations of how things like payment history and timing affect credit
Together, these tools give business owners a clear and practical way to improve their credit and find funding options.
Companies Using Nav
Nav is mainly used by:
- Small business owners
- Startups and new businesses
- Entrepreneurs building or fixing their credit
- Businesses looking for funding
It is especially helpful for businesses that are not fully established yet or don’t have strong credit, and need a way to understand where they stand and how to improve.
Nav also works with lenders and financial companies that appear in its marketplace, helping connect them with businesses that are looking for funding.
Competitors
Nav operates across credit monitoring, credit building, and small business financing, so its competitors come from different areas:
Business credit data
- Dun & Bradstreet
- Experian
Credit monitoring and building
- Ava
- Credit Karma
Small business funding
- OnDeck
- Fundbox
- Credibly
- Lendio : Among its competitors, Lendio is also based in Utah, highlighting how the state has become a hub for companies focused on small business financing.
Business spending tools
-
Keep: A Canadian financial platform.
Nav is different because it brings these pieces together in one place. Instead of focusing on just credit or just funding, it helps business owners see their credit, improve it, and find funding options.
Platform, Access, and Business Model
Nav is a user-facing platform designed for small business owners.
Key points:
- You can access it through a website and mobile app
- It offers both free tools and paid services
- The main paid option is Nav Prime, which focuses on building business credit
Nav makes money through:
- Subscriptions (like Nav Prime)
- Referrals when users connect with lenders or financial products
The platform brings together credit data, simple insights, and funding options in one place, making it easier for business owners to understand their situation and take action. While Nav focuses on financial visibility and credit, platforms like BILL are used to manage day-to-day financial operations such as payments, invoicing, and expenses.
Why Nav Matters in Utah
Nav is headquartered in Draper, Utah.
It is part of a growing fintech ecosystem in the state that focuses on helping small businesses access and manage funding. Different companies in Utah work on different parts of the same problem.
For example, Lendio, which is also based in Utah, focuses on helping businesses find and apply for loans. Nav, on the other hand, focuses on helping businesses understand and improve their credit before applying.
Together, companies like Nav and Lendio show how Utah’s fintech ecosystem supports small business owners at different stages—from getting ready for funding to actually securing it.
Limitations
Nav is not a bank and does not provide traditional banking services like holding money or issuing loans.
It helps you see your credit and find funding options, but the final decision always comes from the lender. This means you may still be denied or receive different terms, depending on your credit and financial situation.
Nav is best used as a tool to prepare and improve your chances, not as a guarantee of funding.
Conclusion
Nav is a business credit monitoring and financial health platform that helps small business owners understand their credit and prepare for funding.
Instead of giving loans directly, it focuses on helping businesses improve their credit and connect with the right funding options. This makes it useful for business owners who want to be better prepared before applying.
As part of Utah’s fintech ecosystem, Nav shows how different companies can work together to support small businesses—from building credit to finding funding.
Disclaimer:
This page is not affiliated with, maintained by, or sponsored by Nav. The information provided in this overview may be outdated or inaccurate after the publication date. UtahFi does not assume responsibility for the accuracy of the content. The logo is a registered trademark of Nav Technologies, Inc.
