Metropolitan Equity Partners bets big on Bizfi

Metropolitan Equity Partners has invested $20 million in small business funding marketplace Bizfi. The funds will be allotted toward product expansion, increased efficiency and marketing.

Metropolitan managing partner Paul Lisiak wasn’t phased by recent troubles in the marketplace lending industry.

“While the fintech industry has experienced some headwinds, our confidence in both Bizfi and its place in the alternative financing industry has never been stronger. Since our original investment, Bizfi’s management has proven month after month its ability to generate profits and growth in an industry where most companies are calculating burn rate.”

Since 2005 Bizfi has facilitated more than $1.7 billion in financing to more than 30,000 small businesses. They have full integrations with 15 partners including OnDeck, Kabbage, Funding Circle and Bluevine.