National Bank Holdings Corporation (NYSE: NBHC) has recently announced a strategic partnership with 2unifi, a newly launched financial ecosystem for businesses. This collaboration involves integrating 2unifi into the Nav marketplace, which offers small business deposit and lending solutions to over 1 million users.
As part of this partnership, NBHC has made a $5 million strategic investment in Nav, further underlining its commitment to supporting small and medium-sized businesses in the U.S. Tim Laney, the Chairman and CEO of NBHC and founder of 2unifi, emphasized the goal of transforming the way small and medium-sized businesses access the U.S. banking system through this partnership.
The collaboration aims to leverage the unique capabilities of both 2unifi and Nav to bring robust solutions to the market. 2unifi will integrate Nav’s financial health and credit insights into its experience, with the intention of empowering entrepreneurs with the tools they need to grow their businesses.
Levi King, CEO and co-founder of Nav, expressed the company's commitment to providing small business owners with the best service and products to ensure the success and longevity of their businesses. King also highlighted the opportunity this partnership presents to offer a truly differentiated offering to customers, as well as to provide more small business owners with access to essential resources.
The press release also noted that Tim Laney, the CEO of NBHC, will serve as an observer on Nav’s board, signaling a deeper level of involvement and collaboration between the two entities.
For National Bank Holdings Corporation, this strategic partnership represents a significant step in its efforts to build a leading community bank franchise and deliver high-quality client service while remaining committed to stakeholder results. The company operates a network of over 85 banking centers, serving individual consumers, small, medium, and large businesses, as well as government and non-profit entities across various states.
As the partnership progresses, it will be interesting to see how the integration of 2unifi into the Nav marketplace impacts the growth and financial health of small businesses, as well as the overall performance of National Bank Holdings Corporation. Today the company's shares have moved -0.2% to a price of $39.63. For more information, read the company's full 8-K submission here.
