Press release

CheckFree Pioneer Pete Kight Leads FI Navigator Series B Funding

Sponsored by Businesswire

FI Navigator Corporation (,
a web-based financial institution (“FI”) data and analytics platform for
the banking vertical, announced the recent completion of a $2.5 million
Series B investment. The investment round was led by Pete Kight, founder
and former CEO of CheckFree Corp. and he was joined by Commerce
Ventures, a leading early-stage, FinTech-focused firm. Other prominent
venture capital and private investors also participated in the round.

The capital infusion comes at a time when FI Navigator is rapidly
expanding its data and analytics offering to financial institutions and
industry vendors and consultants. Bank and credit union executives can
now leverage our FIN Advisor℠ and FIN Reporter℠ solutions to easily
develop strategy or identify opportunities for profit enhancement,
franchise growth, risk management and product offering additions.
Industry vendors and consultants also leverage FI Navigator solutions to
augment their financial institution client strategy, sales and marketing.

“I’ve known Steve Cotton since his pioneering efforts in banking
analytics with BancIntelligence,” said Kight. “FI Navigator dramatically
advances industry analytics closer to automated consulting with instant,
comprehensive assessments of any financial institution. That unique
ability has the potential to transform the B2Bank sales and consulting

“Pete Kight inexorably altered the payments landscape through CheckFree
which remains one of FinTech’s greatest success stories,” said Steve
Cotton, CEO and founder of FI Navigator. “Pete continues to advance
innovation in FinTech and possesses an uncommon ability to identify
avenues of business model disruption. We couldn’t be more appreciative
of the investments, support and insights from Pete, Commerce Ventures
and our other distinguished strategic investors.”

“FI Navigator is uniquely relevant to our FinTech portfolio which
focuses on the digital transformation of financial services,” said Dan
Rosen, General Partner of Commerce Ventures. “FI Navigator has pioneered
an innovative approach for extracting and presenting valuable data on
America’s financial institutions and the technology platforms that
enable them. We believe this data will help FIs assess their operations,
make strategic decisions and identify important technology vendors and

About FI Navigator
FI Navigator provides a web-based banking
vertical data and analytics platform to industry vendors & consultants
and the financial institutions they serve. Their solutions instantly
allow bank and credit union executives to develop strategy or to
identify opportunities in profitability, franchise growth, risk
management and product offering. Additionally, banking vertical vendors
and consultants leverage FI Navigator to augment client strategy, sales
and marketing. All components of FI Navigator’s offering center on
enhancing financial institution performance. For more information, visit