Biz2credit

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Biz2Credit
TypePrivate
IndustryFinancial services
Founded2007; 14 years ago (2007)
FounderRohit Arora, Ramit Arora
HeadquartersNew York, USA and Noida, India
Area served
USA, UK, India, Australia
Key people
Rohit Arora (co-founder & CEO)[1]
Ramit Arora (co-founder & President)
Websitewww.biz2credit.com

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[]

References[]

  1. ^ CNBC.com, Elaine Pofeldt, special to (2016-08-18). "The 25 best cities to get a business bankrolled". CNBC. Retrieved 2018-07-02.
  2. ^ http://www.altfi.com/article/0314_us_online_credit_marketplace_increases_sme_borrowing_success_through_advanced_technology
  3. ^ "Biz2Credit Adds SME Financial Score Simulator Tool to BizAnalyzer: Virtual CFO | Crowdfund Insider". Crowdfund Insider. 2015-12-15. Retrieved 2018-07-02.
  4. ^ "Biz2Credit Launches In India For SME Finance | PYMNTS.com". www.pymnts.com. Retrieved 2018-07-02.
  5. ^ "Biz2Credit Gets $250 Million Commitment – TechCrunch". techcrunch.com. Retrieved 2018-07-02.
  6. ^ "Tally add-on enables small biz to get loans - Times of India". The Times of India. Retrieved 2018-07-02.
  7. ^ "Biz2Credit Receives $250 Million Commitment from Direct Lending Investments to Purchase Loans | Crowdfund Insider". Crowdfund Insider. 2014-12-30. Retrieved 2018-07-02.
  8. ^ Kapur, Narinder (2019-06-06). "WestBridge leads huge Series B round in digital lender Biz2Credit". VC Circle. Retrieved 2019-12-12.
  9. ^ 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.
  10. ^ "HSBC to Offer Online Small Business Loans in Canada". americanbanker.com. Retrieved 2019-03-07.
  11. ^ "Biz2Credit ties up with Tally Solutions - Banking Frontiers". Banking Frontiers. 2018-06-08. Retrieved 2018-07-02.
  12. ^ Bhakta, Pratik (2018-09-19). "Andromeda signs strategic alliance with Biz2Credit". ET Tech. Retrieved 2019-12-30.
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