Nav, a San Mateo, CA-based provider of a financial health platform for small businesses, acquired Tillful, a San Francisco, CA-based fintech startup.
The amount of the deal was not disclosed.
The acquisition of the Tillful cashflow scoring engine accelerates Nav’s ability to integrate and categorize cash flow data, and create proprietary financial health scores for small businesses. In addition to the asset acquisition, many of Tillful’s employees will be joining Nav, including CEO Ken So, who will take up the position of VP of Corporate Development.
Founded in 2020, Tillful is a fintech startup focused on modernizing business credit and cash flow insights for small and medium sized businesses by using better data.
Led by CEO Greg Ott, Nav provides over 1.7MM small business customers with financing products like loans and credit cards, as well as accounting, tax, payroll, and other business services. It is fully distributed with Event Spaces in San Mateo, Salt Lake City and Philadelphia.
This is Nav’s second acquisition in less than a year after acquiring Canadian fintech Nuula‘s assets in January of this year.
FinSMEs
18/07/2023