[February 09, 2016] |
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Bizfi Originates $142M in Financing in Q4 2015
Bizfi (www.bizfi.com),
the premier FinTech company with a platform that combines aggregation,
funding and a participation marketplace for small businesses, announced
it originated over $142 million in business financing in the fourth
quarter of 2015 - a record for any one quarter since the founding of the
company and launch of the platform.
Bizfi and its proprietary marketplace and funding technologies have
provided in excess of $1.4 billion in financing to over 27,000 small
businesses across the United States since 2005. In 2015, Bizfi rebranded
itself, launched its aggregation and funding platform, introduced its
API (application protocol interface) and created its white label
solution. Last month, Bizfi received a $65 million investment from
Metropolitan Equity Partners which will be used to expand the Company's
suite of funding programs, increase funding speed, and generate brand
awareness.
"2015 was an explosive year for Bizfi, which comes as a result of the
launch of our platform, providing business owners with the opportunity
to find and compare available funding options in one plac," said
Stephen Sheinbaum, founder of Bizfi. "In 2016, we're looking forward to
further expanding our product set and funding even more of America's
small businesses."
The Bizfi platform has integrated with 15 funding partners, including
OnDeck, (NASDAQ:ONDK), Funding Circle, Kabbage, IMCA Capital, Bluevine,
SmartBiz and more than 30 non-integrated partners. The platform provides
multiple funding options including short-term financing, medical
financing, lines of credit, equipment financing, invoice financing,
franchise financing, medium-term loans and long-term loans guaranteed by
the U.S. Small Business Administration.
Mr. Sheinbaum concluded, "With changes in global markets leading to more
uncertainty, the need for alternative financing will be more valuable
than ever as small businesses look to ensure continued operations and
stability - it's how we can keep hundreds of thousands of workers
employed and keep the economy afloat."
About Bizfi
Bizfi (www.bizfi.com)
is the premier FinTech company combining aggregation, funding and a
participation marketplace on a single platform for small businesses.
Founded in 2005, Bizfi and its family of companies have provided in
excess of $1.4 billion in financing to more than 27,000 small businesses
in a wide variety of industries across the United States.
Bizfi's connected marketplace instantly provides multiple funding
options to businesses from a wide variety of funding partners and
real-time pre-approvals. Bizfi's funding options include short-term
financing, franchise financing, medical financing, lines of credit,
equipment financing, invoice financing, medium-term loans and long-term
loans guaranteed by the U.S. Small Business Administration. The Bizfi
API provides a turnkey white label or co-branded solution that easily
allows strategic partners to access the Bizfi engine and present their
clients with financial offers from Bizfi lenders all while maintaining
their customer's user experience. A process that once took hours, now
takes minutes.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160209005405/en/
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