Biz2credit

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.

Biz2Credit
TypePrivate
IndustryFinancial services
Founded2007 (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

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. "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. 6 June 2016. 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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