Biz2credit
Type | Private |
---|---|
Industry | Financial services |
Founded | 2007 |
Founder | Rohit Arora, Ramit Arora |
Headquarters | New York, USA and Noida, India |
Area served | USA, UK, India, Australia |
Key people | Rohit Arora (co-founder & CEO)[1] Ramit Arora (co-founder & President) |
Website | www |
Biz2Credit is an online credit resource offering finance to small businesses. The company provides direct funding to small businesses that have been in business for at least six months.[2] The company is known for its financing products, educational resources for business such as the BizAnalyzer[3] and research that it publishes periodically, including the Small Business Lending Index.
History[]
Biz2Credit was founded in 2007 by Ramit Arora and Rohit Arora as an online financial platform in the alternative lending industry.[4] While the company began initially as a provider of Marketplace lending for businesses, in 2013 the company changed its approach and to offer financing directly to its clients.
The company's investors include Nexus Venture Partners[5] and Tata Capital.[6] In 2014, the company received a $250 million commitment from direct lending investment to expand its small business financing facility.[7]
In 2019 Biz2Credit secured $50 million in Series B funding.[8]
Clients[]
- 2016, Tata Capital[9]
- 2018, Popular Bank[citation needed]
- 2018, HSBC Bank[10]
- 2018, Tally Solutions[11]
- 2018, JetPay Corporation[citation needed]
- 2019, Andromeda[12]
References[]
- ^ CNBC.com, Elaine Pofeldt, special to (2016-08-18). "The 25 best cities to get a business bankrolled". CNBC. Retrieved 2018-07-02.
- ^ http://www.altfi.com/article/0314_us_online_credit_marketplace_increases_sme_borrowing_success_through_advanced_technology
- ^ "Biz2Credit Adds SME Financial Score Simulator Tool to BizAnalyzer: Virtual CFO | Crowdfund Insider". Crowdfund Insider. 2015-12-15. Retrieved 2018-07-02.
- ^ "Biz2Credit Launches In India For SME Finance | PYMNTS.com". www.pymnts.com. Retrieved 2018-07-02.
- ^ "Biz2Credit Gets $250 Million Commitment – TechCrunch". techcrunch.com. Retrieved 2018-07-02.
- ^ "Tally add-on enables small biz to get loans - Times of India". The Times of India. Retrieved 2018-07-02.
- ^ "Biz2Credit Receives $250 Million Commitment from Direct Lending Investments to Purchase Loans | Crowdfund Insider". Crowdfund Insider. 2014-12-30. Retrieved 2018-07-02.
- ^ Kapur, Narinder (2019-06-06). "WestBridge leads huge Series B round in digital lender Biz2Credit". VC Circle. Retrieved 2019-12-12.
- ^ Sengupta, Devina (2016-04-12). "Tata Capital ties-up with Biz2Credit to reach out to small businesses in India". The Economic Times. Retrieved 2018-07-02.
- ^ "HSBC to Offer Online Small Business Loans in Canada". americanbanker.com. Retrieved 2019-03-07.
- ^ "Biz2Credit ties up with Tally Solutions - Banking Frontiers". Banking Frontiers. 2018-06-08. Retrieved 2018-07-02.
- ^ Bhakta, Pratik (2018-09-19). "Andromeda signs strategic alliance with Biz2Credit". ET Tech. Retrieved 2019-12-30.
- Financial services companies based in New York City