Further positioning itself as the partner-of-choice for small businesses and merchants, Clover, a First Data (NYSE: FDC) Company, today announced the addition of two new partners to its network: Nav and AP Intego.
These companies are dedicated to the small business community, providing merchants with the ability to manage their businesses across credit reporting and commercial insurance. In addition, Clover has deepened its integration with Gusto, a small business payroll, benefits and human resources service provider that has been a Clover partner since 2016.
Nav, AP Intego and an enhanced integration with Gusto are the latest organizations to join Clover’s developer platform network. The announcement was presented at Money 20/20, (October 21-24, Las Vegas, NV).
“As we accelerate Clover’s position as the trusted partner for small businesses, it’s essential that we partner and integrate with best-of-breed organizations that can help our merchants operate and grow their business,” said John Beatty, CEO of Clover. “We will continue to expand our POS solutions and integrations with organizations that align with our mission, passion and commitment to small businesses. Clover is quickly becoming a hub for small businesses to see and control their entire operation.”
Nav: Best-in-Class Credit Reporting & Merchant-Tailored Financing Options
Nav is the leading Business Financial Management app offering free access to personal and business credit reports from major consumer and commercial credit bureaus. This alliance gives Clover’s merchants the ability to instantly access their Experian Intelliscore Plus℠ and Dun & Bradstreet PAYDEX® business credit scores. Lenders, buyers and suppliers use data from these scores to underwrite businesses terms. Additionally, merchants receive business health reports and have access to more than 110 of the best financing and credit card options, including SBA and long-term loans, lines of credit, invoice financing and medical practice loans. Nav’s robust marketplace matches merchants to their best financing options based on approval odds determined by their business’ data, making it quick and easy for Clover merchants to access affordable, transparent funding options without investing a lot of time and effort.
With the Nav partnership, Clover merchants can easily add a business credit snapshot directly into their dashboard free of charge. Merchants also have the opportunity to upgrade their account to receive premium, 24/7 business credit monitoring and alerts.
“We’re excited to partner with Clover as its exclusive provider of credit reporting for its network of merchants,” said Levi King, Nav CEO and Co-Founder. “At Nav, we know that in order for small business owners to grow they must have the ability to manage creditworthiness and an understanding of their business’ financial health. We are proud to be integrated into the Clover dashboard and look forward to helping merchants understand and access business credit reports and financing options.”
AP Intego: Best-in-Class Business Insurance
AP Intego Insurance Group is a nationally licensed small business insurance agency that blends technology, insurance expertise and a partner-driven strategy to provide small businesses a suite of commercial insurance products. A clear leader within the small commercial insurance sector, the company currently serves more than 43,000 customers and writes over $130 million in direct-written premium. AP Intego has deep and proven relationships with nearly 300 partners.
As part of the integration with Clover, all merchants, within all industries, special concentration in the Food & Drink, Business, Retail, Medical, Personal Services, and Emerging Industry categories, will have access to commercial insurance products. This includes coverages such as general liability, workers compensation, professional liability, commercial auto and cyber insurance.
“Our model has proven that small businesses would prefer to buy from a trusted supplier within one ecosystem,” said Steve Hauck, managing director, AP Intego. “This partnership is a strategic reflection of Clover’s goal to expand their offering with products that are required to protect any small business. Our unique ability to fulfill this on a single digital platform strengthens our joint value proposition to the end customer.”
Gusto: Best-in-Class Payroll and Benefits
Gusto is the leading cloud-based payroll, benefits and HR technology platform for small businesses. Serving more than 60,000 customers, or one percent of all employers nationwide, Gusto’s mission is to create a world where work empowers a better life. By making the most complicated business tasks simple and personal, Gusto is reimagining payroll, benefits and HR for modern companies.
As part of the enhanced partnership, Clover and Gusto will build a deeper technical integration to provide a seamless experience for small business owners, merchants and their accountant and bookkeeper-partners. Now, within the Clover network, and through an integrated platform, small businesses and their trusted partners will have easy access to payroll, benefits and HR.
“We are excited to deepen our relationship with Clover as they share our mission of creating a world where work empowers a better life,” said Mike Triantos, Head of Partnerships, Gusto. “Gusto and Clover are making it easier for small businesses to be a part of the future of work by empowering them to pay and include more Americans such as the millions of independent contractors that are joining the economy.”