Nav acquires Tillful to accelerate data platform development

By Delisha Fernandes

Nav, a financial health platform for small businesses, has acquired Tillful, a FinTech startup

With this acquisition, Nav accelerates its data platform development and product roadmap, bringing in small business FinTech talent across functions.

The financial health platform combines cash flow tools and credit insights to help businesses see what lenders see. That means business owners can understand what they can qualify for from dozens of different SMB lenders before they apply and make confident decisions on the business funding.

“Nav delivers an unparalleled financial health experience for small businesses when they need it the most,” said Greg Ott, CEO of Nav. “At a time when financing options are tightening, Nav has built the only destination for businesses to find relevant and objective solutions for their specific needs. With Tillful, we saw the opportunity to bring on a strong data platform and categorisation engine and a talented team who, like Nav, has empowered SMBs to make better financial decisions based on financial data.”

Tillful is a venture-funded FinTech startup that uses better data to modernise business credit and cash flow insights for small-and medium-sized businesses.

“We have always respected Nav’s leadership in the small business financial health space,” said Ken So, Founder & CEO of Tillful. “We are excited that our shared mission will uniquely make the credit ecosystem much more accessible to the Main Street small businesses who have been traditionally overlooked.”

Nav has built a way to streamline access to capital with better aggregation of financing options and utilisation of cash flow data. This is becoming a critical factor in lender underwriting. The financial health platform will continue supporting Tillful subscription customers and cardholders within the Nav platform and offering expanded financial health services.