
Nav
Founded Year
2012Stage
Loan | AliveTotal Raised
$101.6MLast Raised
$3.5M | 3 yrs agoRevenue
$0000About Nav
Nav develops a credit monitoring and financing platform. It helps business owners get more funding, and lower their costs. Its application gives free access to credit reports and scores specifically for small business owners. Nav was formerly known as Creditera. It was founded in 2012 and is based in Draper, Utah.
Nav's Products & Differentiators
Small Business Lending Marketplace
Nav's business is entirely focused on supporting small businesses' access to capital by leveraging data and machine learning to align qualifications, predict needs and facilitate transactions. Nav's 2-sided small buiness lending marketplace provides access to capital from a vast network of lenders ranging from SBA, Line of Credit, Traditional Bank Loan, to alternative lending and invoice factoring.
Expert Collections containing Nav
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Nav is included in 6 Expert Collections, including Digital Banking.
Digital Banking
872 items
Companies and startups in this collection provide banking services to consumers and businesses, as well as enhance, automate, and/or digitize operations for banks and financial institutions.
Fintech 250
498 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Digital Lending
2,168 items
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
SMB Fintech
1,584 items
Payments
2,779 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech
8,088 items
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Nav Patents
Nav has filed 9 patents.
The 3 most popular patent topics include:
- Investment
- Nairobi
- Private equity

Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
3/12/2013 | 3/24/2015 | Autonomous cars, Mass spectrometry, Wireless locating, Geolocation, Wireless networking | Grant |
Application Date | 3/12/2013 |
---|---|
Grant Date | 3/24/2015 |
Title | |
Related Topics | Autonomous cars, Mass spectrometry, Wireless locating, Geolocation, Wireless networking |
Status | Grant |
Latest Nav News
Sep 20, 2023
Mountain Alliance AG publishes half-year report 2023 – NAV per share at € 6.91 Net Asset Value (NAV) increases to € 47.6 million as of June 30, 2023 (December 31, 2022: € 47.5 million) NAV per share slightly up to € 6.91 as of June 30, 2023 (December 31, 2022: € 6.89) Conversion of accounting standards to HGB / individual financial statements Significant earnings improvement in first half results of 2023 and further reduction in net financial liabilities to € 0.97 million Munich, September 20, 2023 – Mountain Alliance AG (MA, ISIN DE000A12UK08) today published its half-year report 2023 as well as net asset value as of June 30, 2023. Beginning with the financial year 2023, Mountain Alliance AG will only prepare individual financial statements in accordance with the German Commercial Code (HGB) and no longer consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) while at the same time implementing investor reporting as of the annual financial statements 2023. The main reason for this decision is the high cost of complying with IFRS accounting requirements. Mountain Alliance AG continued to perform solidly in the first half of 2023 even though the prevailing economic sentiment remained subdued. From an operational perspective, Mountain Alliance AG is on a growth path at group level and is on track overall to achieve the annual targets for the development of net asset value in the current year as announced in the Annual Report 2022. Mountain Alliance AG generated sales of € 63,833 in the first half of 2023, compared to € 27,900 in the previous year according to the German Commercial Code (HGB). Net loss for the first half of 2023 was € 584,659 compared to a loss of € 1,101,553 in the same period of the previous year. Pro forma data on an IFRS basis for better comparability are as follows: in the first half of 2023, Mountain Alliance AG generated consolidated pro forma sales (IFRS) of € 5.9 million compared to € 5.7 million in the same period of the previous year. The relevant pro forma financial result for the first half of the year 2023 improved significantly to € 1.99 million compared to minus € 1.75 million in the same period of the previous year, benefiting in particular from positive valuation effects at Lingoda. Pro forma earnings before tax (EBT) improved to € 1.44 million in the period under review, compared to minus € 2.32 million in the same period of the previous year, and pro forma net profit to € 0.98 million, compared to minus € 2.32 million in the first half of 2023. Pro forma earnings per Mountain Alliance share therefore stood at € 0.14 in the first half of 2023, compared to minus € 0.34 in the same period of the previous year. For Mountain Alliance AG as a venture capital investment company, the development of the portfolio is the key target and control indicator. As of June 30, 2023, the portfolio value amounted to € 48.6 million, compared to € 49.3 million as of December 31, 2022. The moderate decrease is mainly due to the development and sale of listed investments that are no longer part of the core portfolio. Taking into account net financial liabilities of € 0.97 million, the NAV of Mountain Alliance AG amounted to € 47.6 million, compared to € 47.5 million at year-end 2022. The reduction in net financial liabilities to € 0.97 million (December 31, 2022: € 1.8 million) had a positive impact. Based on 6.886 million shares outstanding, the NAV per share is slightly higher at € 6.91 as of June 30, 2023, compared to € 6.89 as of December 31, 2022. The investment portfolio has reached a certain maturity that will ensure a continuation of the successful exit activity of recent years. In this regard, great expectations are placed on the online language learning platform Lingoda, in which Mountain Alliance AG holds a stake of around 7%. Looking ahead to the full year 2023 and beyond, the Management Board is optimistic given the foreseeable milestones, even though external conditions such as continued high inflation, the development of the war in Ukraine, rising market interest rates, and slowing economic momentum significantly limit the accuracy of the forecast. Provided there is no significant deterioration in these external factors, the Management Board believes that the previously communicated target for the full year 2023 is achievable, with an organic increase of 5%, starting from a net asset value in 2022 of € 47.5 million. This target remains subject to the future performance of the listed investments and based on the growth of the portfolio companies, increasing investor interest in portfolio investments and value-adding acquisitions. "We are facing exciting times with our promising portfolio. From an exit perspective, the focus is primarily on our investments in AlphaPet and our largest asset by value, Lingoda," says Manfred Danner, CEO of Mountain Alliance AG. The half-year report 2023 is available for download at www.mountain-alliance.de. About Mountain Alliance AG: Mountain Alliance AG (ISIN: DE000A12UK08) is an investment company whose shares are listed in the SME segment m:access of the Munich Stock Exchange and in the Basic Board of the Frankfurt Stock Exchange. As a lean, transparent, and experienced investor with many years of know-how and an excellent network, the company invests in innovative technology companies. The aim is to invest at an early stage in companies and business models that are actively shaping the future technology trends. The company gives shareholders easy access to a diversified portfolio of technology-oriented hidden champions via the stock exchange.
Nav Frequently Asked Questions (FAQ)
When was Nav founded?
Nav was founded in 2012.
Where is Nav's headquarters?
Nav's headquarters is located at 12936 South, Frontrunner Boulevard, Draper.
What is Nav's latest funding round?
Nav's latest funding round is Loan.
How much did Nav raise?
Nav raised a total of $101.6M.
Who are the investors of Nav?
Investors of Nav include Paycheck Protection Program, CE Innovation Capital, GS Growth, Experian Ventures, Point72 Ventures and 12 more.
Who are Nav's competitors?
Competitors of Nav include Lulalend, FundKite, Ice Kredit, Borrowell, LendStreet and 10 more.
What products does Nav offer?
Nav's products include Small Business Lending Marketplace and 4 more.
Compare Nav to Competitors
FundWell is an online marketplace that prequalifies and matches small businesses and commercial real estate investors to lenders. FundWell users get access to the best funding options they are eligible for today, and improve their fundability for more and lower cost financing in the future.

Biz2Credit is an online small business funding platform connecting business owners with a range of lenders that offer a wide range of funding options. Biz2Credit connects borrowers with credit solutions based on online profiles that can be completed in less than four minutes in a safe, efficient, price-transparent environment.

Lendio operates as an online lending marketplace for small and medium-sized enterprises (SMEs) and lenders including banks and alternative loan providers. It offers business financing, small business loans, building business credit, business loans, and more. It was founded in 2011 and is based in Lehi, Utah.

CreditMantri operates as an online platform providing support and tools for credit decision-making. It enables users to access their credit scores, learn how they can improve their credit health, and discover products best matched to their credit profile. The company was founded in 2012 and is based in Chennai, India.
WeCash is a China-based data credit assessment startup. The company helps analyze Chinese customers' credit. Customers sign up for the app, provide information to the company, and receive a credit evaluation. WeCash is able to quickly provide extensive credit assessments and build predictive models for customers' credit risk.

IndiaLends is a credit underwriting and analytics platform for lending. It uses proprietary algorithms to connect borrowers with financial institutions that match their credit profiles. It also provides data analytics and risk-scoring services to financial institutions. The company was founded in 2014 and is based in Gurugram, India.