- National Bank Holdings Corporation (NBHC, Financial) announces strategic partnership with Nav, integrating 2UniFi into Nav's marketplace.
- NBHC makes a $5 million strategic investment in Nav, enhancing small business financial solutions.
- Partnership targets over 1 million small businesses with advanced credit and financial health insights.
National Bank Holdings Corporation (NBHC) has entered into a strategic partnership with Nav, a prominent credit and financial health platform. This collaboration aims to boost small business growth by integrating NBHC's new financial ecosystem, 2UniFi, with Nav's marketplace. As part of the agreement, NBHC has invested $5 million in Nav, underscoring the commitment to this strategic alliance.
2UniFi will be incorporated into Nav's platform, providing small businesses with enhanced deposit and lending solutions. Concurrently, Nav's financial health and credit insights will be embedded within the 2UniFi experience, offering users comprehensive tools for monitoring and building business credit.
Tim Laney, Chairman and CEO of NBHC and Founder of 2UniFi, will take a seat as an observer on Nav's board. This collaboration is positioned to transform the access of small and medium-sized businesses to the U.S. banking system, leveraging the strengths of both companies to deliver robust financial solutions.
Nav currently caters to over 1 million users, providing tools that help small business owners access, monitor, and enhance their business credit. This partnership creates significant growth opportunities for both NBHC and Nav by expanding their collective reach in the small business financial services market.
Through strategic investment and integration, NBHC and Nav aim to empower small businesses with the resources needed for sustainable growth, marking a pivotal advancement in the fintech and banking sectors.
