Bizfi

Credibly to service Bizfi portfolio

SME lending platform Credibly announced today it is now servicing BizFi’s $250 million portfolio and 5,200 merchants. One of the country’s three largest merchant cash advance originators, Credibly had been providing funding to small businesses since 2005. “Acquiring the servicing rights of BizFi’s ...

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Bizfi adds InterNex Capital platform

Small business funding marketplace Bizfi has announced a funding partnership with asset-based digital lender InterNex Capital. Small to mid-sized manufacturing, wholesale, trucking and consulting businesses now have access to asset-based revolving credit lines of between $250,000-$5 million. InterNex joins 45 lenders ...

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Bizfi enjoys strong Q3

Small business funding marketplace Bizfi originated more than $127 million in financing during 3Q16. The most common sectors seeking financing were manufacturing (+100 percent), retail, (+23) B2C services (+20 percent) and B2B services (+15 percent). States seeing the biggest gains ...

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Bizfi names CEO

Small business funding marketplace Bizfi has named John Donovan CEO. Mr. Donovan has three decades of experience in the consumer and small business payments and alternative finance industries, including almost 20 years with MasterCard. He worked on global card and ...

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Small biz optimism on rise: Bizfi survey

Results of a new survey of small business owners by Bizfi suggest those owners are feeling more optimistic about the state of the American economy. That optimism is reflected in increased investment. Seven out of every eight business owners plan on ...

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Bizfi enjoys big Q2

  Small business lending platform Bizfi enjoyed healthy growth in the second quarter. Year-over-year originations increased 25 percent to more than $144 million. More than 3,580 small businesses received financing either directly from Bizfi or through its marketplace. Several factors ...

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Bizfi partners with tax preparation group

Small business funding marketplace Bizfi is partnering with the National Director of Registered Tax Return Preparers & Professionals (PTIN) to provide finance professionals and their clients with funding via the Bizfi platform through a customized referral process. PTIN members now ...

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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. ...

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Bizfi enjoys record Q1

Small business funding platform Bizfi enjoyed a record first quarter, with $144 million of financing flowing to 3,605 small businesses. The origination record represents a YOY 49  percent increase. The announcement is the latest of a run of good news ...

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Bizfi adds Western Independent Bankers to growing client base

Fintech aggregator and funder Bizfi has added trade association Western Independent Bankers (WIB) to its expanding client base. WIB’s 600-plus community and regional banks across Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada New Mexico, Oregon, Utah, Washington, Wyoming and the ...

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