CreditEase Fintech Investment Fund, a venture investing unit of Chinese financial technology firm CreditEase Group, has joined a US$38 million financing round in Nav, a U.S. fintech start-up helping small business owners get funding.
Goldman Sachs Principal Strategic Investments group led the round, with participation from Point72 Ventures and Clocktower Technology Ventures. The series B funding round was expanded to US$38 million from a previously announced figure of US$25 million, after more investors decided to join.
"Our model is solving the access to capital problem in a modern way. We're using data to help business owners understand their financial health and dramatically simplify the process of borrowing money and getting credit," said Levi King, co-founder and CEO of Nav.
Credit rating service firm Experian led Nav's previously announced US$25 million se...
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