Nav Technologies, Inc. | September 13, 2023
On September 12, 2023, Nav, a leading fintech company specializing in serving small and medium-sized businesses (SMBs), unveiled its latest offerings, Nav Prime, along with the Nav Prime Card for small businesses.
For Nav, the launch of Nav Prime represents a natural evolution of its financial health platform. Nav distinguishes itself by being the only platform that provides small businesses with a transparent overview of their financing options and pre-qualification insights before they apply. By consolidating credit and financial data from SMBs, Nav aligns their financing eligibility with its network, which comprises over 160 diverse financial products and providers. In this year alone, Nav has facilitated access to financing and funding for more than 100,000 small businesses.
Nav Prime emerges as a fully integrated financial management solution tailored for contemporary small businesses. Covering aspects from cash flow monitoring to business credit reporting, banking, deposits, and business card solutions, Nav Prime empowers businesses to streamline both their financial management and enhancement efforts, all within a single platform.
Furthermore, the introduction of Nav Prime includes an industry-first innovation, the Nav Prime Card, a business credit-building charge card specifically designed for the SMB sector. Notably, the Nav Prime Card boasts no annual fees and does not necessitate a personal guarantee, thereby preserving users' personal credit ratings. This innovative card also reports spending activities to all three major commercial credit bureaus, allowing users to potentially boost their business credit scores by simply utilizing the card for everyday expenditures. Another distinctive feature of the Nav Prime Card is its flexibility in linking to any pre-existing business checking account of the user's choice, including Nav's own. This sets it apart from other corporate card and expense management fintech solutions that have previously targeted the SMB market.
With Nav Prime, Nav has established itself as the singular destination where businesses can enhance their financing eligibility, evaluate the impacts of their actions, and seamlessly access their most advantageous financial options—all within a unified platform. Nav provides invaluable data and insights crucial to a business owner's financial well-being, including their borrowing capacity. For the first time, SMBs gain transparency into their best financing choices and rates, facilitating informed decisions about lenders and funding types that align with their specific business needs.
Greg Ott, Chief Executive Officer at Nav, commented,
Small business owners have been left in the dark in terms of knowing how lenders see their business. Nav Prime and the unique Nav Prime charge card gives owners a new tool to improve their business' financial qualifications by making their everyday transactions help build their business credit score, and ultimately lead to better working capital options.
[Source: PR Newswire]
Historically, the fintech industry has often overlooked small businesses, or they have been catered to solely in favorable, low-interest-rate environments. Recent interest rate hikes have prompted several fintech companies to withdraw abruptly from the small business sector, placing the survival of these Main Street businesses at risk. Many of these businesses possess strong creditworthiness with substantial revenue and cash reserves.
Nav addresses this gap by empowering small business borrowers to view the same information that lenders see before they seek financing opportunities. This not only improves the likelihood of loan approvals but also reduces the risk of negatively impacting their business credit ratings with major commercial credit bureaus, such as Experian and Equifax.
Nav is a leading fintech company specializing in serving small and medium-sized businesses. It is uniquely positioned as the sole platform that seamlessly integrates financial and credit data to offer small businesses clear insights, expert guidance, and streamlined access to an extensive portfolio of over 100 diverse financing options. The company holds a remarkable track record of assisting over 2 million small businesses in enhancing their financial health and securing vital funding. It leverages authentic business data to precisely align qualifications, empowering small business proprietors to effortlessly identify the most suitable loans, credit cards, banking solutions, and other essential business services tailored to their precise requirements. Nav's exceptional financial health platform provides an integrated view of cash flow and credit insights alongside personalized financing choices, serving as the exclusive destination where small business owners can ascertain their pre-qualification status before initiating the application process.
Thryv | September 07, 2023
Thryv Holdings, Inc., a prominent provider of software platforms for small and medium-sized businesses, recently garnered significant industry recognition for its award-winning SaaS technology. These accolades include Best SaaS Product for SMBs and SMEs, Best SMB CRM Solution, and Best Business Management Software Platform, received from esteemed awards programs such as the World Future Awards, MarTech Breakthrough Awards, and the 2023 SaaS Awards, as well as its consistent ranking in the top 10 of Selling Power's 50 Best Companies to Sell for 2023.
Here are some key highlights of the recognition:
Best SMB CRM Solution: Thryv Marketing Center was honored with this prestigious award from the MarTech Breakthrough Awards program, a renowned market intelligence organization that acknowledges top companies, products, and technologies in the global marketing, sales, and advertising technology sectors. This recognition comes after being selected as one of the best among more than 3,500 nominations spanning 19 countries.
Best Business Management Software Platform: Thryv Business Center was recognized with this accolade at the World Future Awards, highlighting it among the best products, software, and services poised to reshape the global economy and shape the future landscape.
Best SaaS Product for Small Business and SMEs: The 2023 SaaS Awards recognized Thryv's SaaS product as one of the finest in the world of software and Software-as-Service.
Top 8 Global Ranking: Thryv secured the 8th position in the highly competitive Selling Power's 50 Best Companies to Sell for 2023 list. This marks the company's sixth consecutive appearance on the list, with each year showing an improvement in its ranking.
Ryan Cantor, Thryv’s Chief Product Officer, commented,
“Our SaaS platform helps business owners across the globe to quickly and easily build, manage and strengthen customer relationships, and ultimately grow their footprints. This latest recognition is testament to our talented team, innovative SaaS technology and great customers, and it reinforces how Thryv helps small businesses succeed.”
(Source - Business Wire)
About Thryv Holdings, Inc.
Thryv Holdings, Inc. is a leading small business management software solutions provider, serving a diverse clientele of over 55,000 small to medium-sized businesses (SMBs). Its acclaimed SaaS platform, Thryv, empowers these enterprises with the essential tools to modernize and grow their operations, enabling them to navigate and succeed in today's dynamic economic landscape. Additionally, the company oversees the digital and print presence of more than 400,000 SMBs, harnessing proprietary local online and print directories, along with integration into popular social media and search engines to foster connections with local consumers. This holistic approach aids businesses in acquiring new customers and bolstering their bottom line, cementing Thryv Holdings, Inc.'s commitment to providing comprehensive and innovative solutions that empower SMBs to thrive in a fiercely competitive market.
PR Newswire | September 29, 2023
Norton, a leading consumer Cyber Safety brand of Gen™ (NASDAQ: GEN), today announced Norton Small Business, the all-in-one cybersecurity solution to help entrepreneurs and small business owners protect their financial futures. While nearly 90%1 of businesses globally are small businesses - 99.9% in the US2 - many lack the means to protect their digital environments. Norton Small Business makes triple-lock protection accessible for small businesses to safeguard their team's online activities, devices and customer data in an easy, all-in-one cybersecurity solution.
"Owning a very small business often means each member of the team wears different hats, and usually cybersecurity expert isn't one of them," said Massimo Rapparini, General Manager & Head of Small Business Safety at Gen. "Unfortunately, cybercriminals are aware of this and often target such businesses – more than half (57%) of small businesses experienced a security, data breach or both in 20223. For entrepreneurs and small businesses, falling for just one phishing email can have a devastating impact."
Scams Taking Down Small Businesses
Small businesses face a barrage of scams and phishing threats, just like consumers. In fact, they are targeted more than large companies. Companies with fewer than 100 employees face an average of 350% more social engineering attacks than larger enterprises4, and according to data from Gen, cyber threats that rely on manipulating people account for 85% of attacks on small businesses in the US. Of these threats, phishing – for example, emails trying to trick you into clicking a link or transferring money – is the most common way cybercriminals try to access small business systems, private data, financials and intellectual property.
Businesses with under 10 employees often lack IT support, putting companies at great risk if cybercriminal attacks are successful – and many are. In 2020 alone, there were more than 700,000 attacks against small businesses totaling $2.8 billion in damages5. Norton Small Business helps small businesses disaster-proof their critical data to minimize the risk of financial loss.
Entrepreneurs Pursue Financial Freedom
Entrepreneurs often start their own businesses in pursuit of financial freedom and invest significant time, energy and personal savings to build their business. In fact, 61% of Gen Z small business owners believe entrepreneurship will lead them to retirement earlier than if they had gone straight to the corporate world6. Yet, small businesses are being heavily targeted by cybercriminals, leaving them at much higher risk of collapsing compared to larger firms when hit by a cyberattack.
With heightened risk and so much at stake, it's surprising that about half of businesses with under 50 employees have no cybersecurity budget at all7. The effects of a cyberattack extend beyond financial consequences, and it's time cybersecurity is pushed to the forefront of small business priorities.
Setting Up Your One-Person IT Department
Norton is your go-to partner to make small business cybersecurity simple with an all-in-one solution that provides 24/7 cybersecurity protection and a variety of features, including:
Secure Browser, Password Manager and VPN (virtual private network) to help secure day-to-day online activities
Automated PC cleaning and optimization to keep healthier PCs for longer
Secure Cloud Backup for PCs to help reduce the risk of loss of business data
Software and driver updaters to help keep software up to date, so there are fewer vulnerabilities for cybercriminals to exploit
IT coverage and maintenance for up to 20 devices
A 100% Virus Protection Promise8
"We've built our small business products and services with the same approach in mind as we do with our consumer portfolio, so entrepreneurs don't need to worry about becoming cybersecurity experts," said Rapparini. "Norton is here to make cybersecurity accessible and easy so they can focus on building thriving businesses."
Norton recommends these top 10 tips to protect your small business:
Learn tospot signs of phishing andteach your employees
Only click links or download attachments from known sources
Avoid sharing personal information or private company data over email
Alwayskeep your operating system, applications and drivers up-to-date
Make sure yourWiFi network is protected with a strong password
Regularlyback up your data
Require employees to use aVPN when doing company work on a public WiFi network (think airports and coffee shops)
Alwaysuse multi-factor-authenticationfor an extra layer of protection
Don't neglect mobile devices – make sure they are password protected and use security software
Invest in a cybersecurity solution such as Norton Small Business
Norton is a leading Cyber Safety brand of Gen™ (NASDAQ: GEN), a global company dedicated to powering Digital Freedom through its family of trusted consumer brands including Norton, Avast, LifeLock, Avira, AVG, ReputationDefender and CCleaner. Gen empowers people to live their digital lives safely, privately, and confidently today and for generations to come. Gen brings award-winning products and services in cybersecurity, online privacy and identity protection to more than 500 million users in more than 150 countries.
Tarci | September 15, 2023
Tarci, a leading continuous intelligence platform that generates dynamic SMB data, has recently introduced the Tarci for Foodservice data suite. This cutting-edge new series of dynamic data modules is crafted to empower enterprises that cater to SMBs in the food service sector with insights to optimize their sales, marketing, risk management, and client retention strategies.
By integrating precise and up-to-date SMB profiles with industry-specific data-driven insights, Tarci provides invaluable support to food and beverage manufacturers and distributors, enabling them to proactively identify both opportunities and potential risks among their current and prospective clients.
Within the Tarci for Foodservice suite, the following data modules are presently available:
Restaurant with Emerging Needs: New and emerging SMBs engaged in preparing food for immediate consumption.
Food & Beverage Retailers: New and emerging specialty food, grocery, and convenience retailers.
Licensed Establishments: New and growing SMBs that offer alcohol for on-premise consumption.
SMBs with Refreshment Needs: Growing SMBs with 50 or more on-site employees who may be interested in enhancing workplace experiences by offering refreshment perks.
Foodservice Risk Management: Enhanced credit term decisions by augmenting existing SMB profiles with business stability, growth, or decline indicators.
Tarci's continuous intelligence engine draws from a diverse array of external data sources to craft dynamic SMB profiles, which are updated on a weekly basis. What sets Tarci apart is its proactive approach; it not only monitors these profiles for changes but also analyzes them for emerging trends.
This distinctive methodology in parsing and interpreting SMB data accurately mirrors the dynamic nature of the marketplace. With Tarci, clients can seize opportunities and respond to changes in real-time.
Tarci's Co-Founder and CEO, Leetal Gruper, commented,
With the launch of Tarci for Foodservice, we address the churn challenges in the Foodservice industry. Our real-time insights and dynamic data modules empower businesses to adapt, thrive, and build lasting client relationships with the right SMBs, offering stability and growth in an industry where change is constant.
[Source: Cision PR Newswire]
Tarci is a prominent, continuous intelligence platform that generates dynamic SMB data. Employing a cutting-edge continuous intelligence engine, Tarci consistently collects, analyzes, and translates an extensive array of signals sourced from diverse outlets, effectively transforming vast datasets into actionable insights. The company's impact is felt prominently across customer-facing teams within Fortune 200 corporations, spanning leading financial institutions, insurance entities, and enterprises catering to small and mid-size businesses. Tarci garners support from esteemed backers, including Sound Ventures, Liberty Mutual Strategic Ventures, Global Founders Capital, and strategic investors.