Nav, the American financial health platform for small businesses, has made its second acquisition of the year by acquiring Tillful, a business Financial Health Tool based in San Francisco, USA. This acquisition is aimed at developing Nav’s data platform and product roadmap, empowering small businesses with better financial decisions.

Facts

• Nav acquires Tillful, a business financial health tool based in San Francisco, USA.
• Nav aims to develop its data platform and product roadmap using Tillful’s capabilities.
• Nav seeks to help businesses “see what lenders see” by consolidating cash flow tools and credit insights.
• Tillful’s platform offers business owners a view of loan qualification before applying, based on multiple SMB lenders’ results.
• With Tillful’s cash flow scoring engine, Nav plans to integrate and categorize cash flow data more accurately.
• This marks Nav’s second acquisition in less than a year, following its purchase of Canadian fintech Nuula’s assets in January.
• The exact terms of the acquisition have not been disclosed.