About Navient
Navient is a company based in Wilmington (United States) founded in 2014.. The company has 4,500 employees as of December 31, 2023. Navient has completed 4 acquisitions, including Duncan Solutions, Earnest and Gila Corp. Navient offers products and services including Student Loans, Student Loan Refinancing, Scholarships, and Financial Solutions. Navient operates in a competitive market with competitors including College Ave, ClimbCredit, Ascent, LendKey Technologies and Credible Labs, among others.
- Headquarter Wilmington, United States
- Employees 4500 as on 31 Dec, 2023
- Stage Public
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Sectors
EducationFinancial Services
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Navient Solutions, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$412 M (USD), Debt – Conventional
Jun 12, 2019
- Investors
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Employee Count
4500
as on Dec 31, 2023
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Investments & Acquisitions
Duncan Solutions
& 3 more
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IPO & Listings of Navient
Navient is a publicly listed company on the NASDAQ with ticker symbol NAVI in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Navient
Navient offers a comprehensive portfolio of products and services, including Student Loans, Student Loan Refinancing, Scholarships, and Financial Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Services for managing student loan repayments and applications.
Options to refinance loans for better terms and rates.
Assistance in finding and applying for educational scholarships.
Tools for simplifying financial life through various offers.
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Funding Insights of Navient
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $412.0M
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First Round
First Round
(28 Apr 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2019 | Amount | Debt – Conventional - Navient | Valuation |
investors |
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| Apr, 2017 | Amount | Post-IPO - Navient | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Navient
Navient has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Goldman Sachs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Navient
Navient has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Duncan Solutions, Earnest and Gila Corp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Student loan refinancing and personal loans are offered by Earnest.
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2013 | ||||
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Provider of business process outsourcing and asset recovery services
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1991 | ||||
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Revenue cycle management services are provided to healthcare organizations.
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1990 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Navient
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Navient Comparisons
Competitors of Navient
Navient operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as College Ave, ClimbCredit, Ascent, LendKey Technologies and Credible Labs, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Student loans marketplace for undergraduate and graduate education is operated.
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| domain | founded_year | HQ Location |
Education loans are offered to students at partner schools.
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| domain | founded_year | HQ Location |
Software development and cloud services are provided by Ascent.
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| domain | founded_year | HQ Location |
Student & Home improvement loans online by local community lenders
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| domain | founded_year | HQ Location |
Alternate lending for student loans and refinancing is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Navient
Frequently Asked Questions about Navient
When was Navient founded?
Navient was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is Navient located?
Navient is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
How many employees does Navient have?
As of Dec 31, 2023, the latest employee count at Navient is 4,500.
What does Navient do?
Navient was established in 2014 and is headquartered in Wilmington, United States. Federal loans for students and parents are serviced on behalf of the Department of Education. Management and business processing solutions are delivered to clients in the education, healthcare, and government sectors across federal, state, and local levels. Operations focus on loan origination, servicing, and administrative support within the financial services industry.
Who are the top competitors of Navient?
Navient's top competitors include ClimbCredit, College Ave and Credible Labs.
What products or services does Navient offer?
Navient offers Student Loans, Student Loan Refinancing, Scholarships, and Financial Solutions.
Is Navient publicly traded?
Yes, Navient is publicly traded on NASDAQ under the ticker symbol NAVI.
How many acquisitions has Navient made?
Navient has made 4 acquisitions, including Duncan Solutions, Earnest, and Gila Corp.
Who are Navient's investors?
Navient has 1 investor. Key investors include Goldman Sachs.
What is Navient's ticker symbol?
The ticker symbol of Navient is NAVI on NASDAQ.
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