Markaaz, Nav Partner to Offer SMBs Curated Financing Options

Markaaz and Nav Technologies have partnered to enable members of Markaaz’s small business networking community to access Nav’s curated financing options.

With the partnership, Markaaz members can go to the Markaaz Dashboard to find a range of embedded financing solutions that Nav’s artificial intelligence (AI) technology has customized for them based on real-time qualification data, according to a Thursday (Sept. 22) press release.

“We’re excited to partner with Markaaz to continue our goal to create transparency and certainty for small business owners for an easier borrowing experience,” Nav CEO Greg Ott said in the release. “Nav’s ability to use a business’ data to make capital and credit choices simple, paired with Markaaz’s additional reach and ability to empower their members to be in control of their data, allows both companies to serve small business owners better.”

In addition to curating the financing options, Nav allows Markaaz members to apply for financing without them having to search for documents, risk omitting important information or waste time applying for options for which they are not eligible, per the release.

This new offering joins other services provided to small business owners by Markaaz, including tools that help them manage cash flow, sales, social media and access to capital within one platform.

“We’re excited to partner with Nav to help save businesses valuable time and money, so they can focus on why they got into business in the first place,” Markaaz founder and CEO Hany Fam said.

Read more: SMBs Poised to Live Paycheck to Paycheck, Too, Amid Soaring Operating Costs

As PYMNTS reported earlier this month, there are any number of FinTechs seeking to help small- to medium-sized businesses (SMBs) move toward a better, holistic picture of their financial ebbs and flows, particularly through small business financing done digitally.

That’s important at a time when as many as 18% of SMBs have no available cash on hand.

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