Greg Ott me-retweet
Greg Ott
933 posts
Greg Ott
@gregott
CEO / Growth Architect /Advisor Be curious. Be helpful. Have fun along the way. Formerly @navsmb @intuit, @demandbase, @ProcterGamble
SF Bergabung Mayıs 2008
711 Mengikuti930 Pengikut
Greg Ott me-retweet
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It’s true, categorizing transactions, getting, insights on spending, and budgeting has been commoditized (e.g. Mint).
What’s also true is that bundling Mint’s features into a larger fintech product offering banking, credit, lending, investing and more (all also commoditized) makes for a high LTV business that can reach $100m ARR with less than 500k customers.
We’re due for a rebundling.
Just like Rippling in HR. Compound products are the future for fintech.
(I’m also talking my book since I’m building exactly this 😅).
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Heard of a few people building a new version of @mint now that Intuit shut it down. I wouldn't recommend it if you want to build a venture-scale business.
There aren't that many people who want to actively manage their finances; startup graveyard is littered with PFM's.
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Boom - @navSMB launching Nav Prime! Not only do we connect SMBs to their best financing options, we now provide the software + financial products that can improve their options and financial health - starts with a unique credit building business card!
lnkd.in/g3ei4yqb
Nav@navSMB
We asked you how Nav could serve you even better. That’s why we made Nav Prime, the first solution custom-built to help you build business credit, simplify your cash management, & access the funding you need so you can crush your goals. Join today: nav.com/nav-prime/
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It has been a big year so far at @navSMB . and we are only halfway through! Product overhaul, platform improvements, new brand design, and another acquisition that adds team and tech. Excited to welcome the Tillful team onboard to further streamline capital access for SMBs!
Nav@navSMB
We are happy to announce that we have acquired @Tillful. With a suite of innovative products, a knowledgeable team, and a mission that aligns with ours, acquiring Tillful will help us unlock new insights and funding opportunities for our customers: bit.ly/3XX3dmC
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Greg Ott me-retweet
We are happy to announce that we have acquired @Tillful. With a suite of innovative products, a knowledgeable team, and a mission that aligns with ours, acquiring Tillful will help us unlock new insights and funding opportunities for our customers: bit.ly/3XX3dmC
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Greg Ott me-retweet
Know what you can qualify for, before you apply. All your small business financial needs are in one place, with Nav. bit.ly/45OCtZ1
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Greg Ott me-retweet
According to the NGLCC, there are over 1.4 million LGBTQ+ business owners in the U.S. Nav believes in championing these businesses, and their owners, and their achievements.
Here is a list of 10 resources for LGBTQIA+ small business owners to utilize: bit.ly/45JkbrU
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@BillyRielly I applaud the attempt by many banks. They may want to view themselves as tech companies, but there is a basic misalignment of financial model for them to be good at building differentiated, sticky user experiences.
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This simply could not be further from the truth. America’s leading banks invest billions each year to develop the innovative financial tools consumers have come to rely on. Banks lead in innovation — including overdraft reforms projected to save consumers $28B from 2021–2025.
Greg Ott@gregott
Banks are not providing solutions to aid their customer's Financial Health. This is where Fintechs are clearly driving the innovation and banks are losing the customer relationships. FH is more than a dashboard, it's guidance (navigation?) and requires more than just bank data.
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Banks are not providing solutions to aid their customer's Financial Health. This is where Fintechs are clearly driving the innovation and banks are losing the customer relationships. FH is more than a dashboard, it's guidance (navigation?) and requires more than just bank data.
Kiah Lau Haslett is a bank reporter (she/her)@khaslett
Acting Comptroller Hsu offers a challenge for banks in yesterday's Bank On comments: Financial health goes beyond bank accounts and includes the ability to "save easily, track spending, minimize fees and interest charges, safeguard against shocks, and plan for life events."
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Greg Ott me-retweet
The right small business financing empowers your success. Get your best financing options quickly and easily with Nav. bit.ly/3qHtOEd
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Greg Ott me-retweet
Finding the right small business loan can be daunting, but Nav cuts through the noise to show you your best options. bit.ly/3qHtOEd
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Greg Ott me-retweet
≈40% of US GDP comes from small businesses, and 55% of Americans work for a small business. Roughly half of commercial and industrial lending in the US comes from banks with <$250B in assets. A high % of these borrowers are small business. (chart source: Goldman Sachs)
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Greg Ott me-retweet
Announcing that we have raised $230M! This will allow us to continue to be the most active investor in Utah and West. We were born in the great recession and are excited to back those that will be building dragons (scary big companies) through this period! Also: Kickstart CO!
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Greg Ott me-retweet
By syncing your business data, you can avoid painful rejections and make smarter decisions that are right for your small business.
Nav helps you find the right credit card fast. bit.ly/3HBKlTL
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Nav Buys Nuula to Help Businesses Check Their Financial Pulse - pymnts.com/acquisitions/2…
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Excited to announce @navSMB 's acquisition of Nuula. We're onboarding some amazing people and tech that will accelerate our financial health platform and streamline access to capital for more #SMBs.
nav.com/newsroom/nav-b…
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Enjoyed talking about what #SmallBusiness needs are now with @genemarks and how @navSMB is streamlining and simplifying access to capital.
Gene Marks CPA@genemarks
Listen to the latest episode of @Paychex THRIVE to hear my talk with the CEO of @navSMB, @gregott, about what #businessowners can expect in 2023 when it comes to #financing. paychex.com/worx/podcasts/… #economy #businessfinancing #smallbusiness
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