Bizfi, a 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, along with its proprietary marketplace and funding technologies, has provided more than $1.4 billion in financing to over 27,000 small businesses across the U.S. In 2015, the company rebranded itself, launched its aggregation and funding platform, introduced its API (application protocol interface) and created its white label solution.
Since its launch, 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 website 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.
Stephen Sheinbaum, founder of Bizfi, stated:
“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 place. In 2016, we’re looking forward to further expanding our product set and funding even more of America’s small businesses.”
He then added:
“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.”
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.
