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Bizfi Announces Strong Q3 Results Signaling Significant Growth

October 27, 2015, 07:29 AM
Filed Under: Industry News

Bizfi, a leading FinTech company with a platform that combines aggregation, funding and a participation marketplace for small businesses announced that it originated more than $127 million in business financing in the third quarter of 2015. This represents a double-digit percent increase in originations compared to the second quarter of 2015.

More than 3,500 companies secured funding through Bizfi’s marketplace platform in Q3 alone, signaling the continued rise of small businesses looking for new sources of growth and working capital. As such, Bizfi continues the expansion of its platform, which includes strategic relationships with integrated funding partners, including OnDeck, Funding Circle, CAN Capital, Kabbage, IMCA Capital, Bluevine, SmartBiz, and more than 30 non-integrated partners.

Last month, Bizfi launched both its API (application protocol interface) and a white label solution at Finovate, which enable partner companies to provide direct lending solutions to their small business customers. The first partner to leverage the platform is Xero, a cloud-based online accounting software for small businesses worldwide with more than 540,000 small business subscribers.

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