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. The company is known for its financing products, educational resources for business such as the BizAnalyzer 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. 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 and Tata Capital. In 2014, the company received a $250 million commitment from direct lending investment to expand its small business financing facility.
According to Biz2Credit's website, it is a financing solution designed specifically to serve small businesses. The company provides products such as merchant cash advances, and bridge loans. The company claims to have 1.1 million users and 1300 lenders using its small business financing system.
The company was ranked among the top 500 fast-growing companies on Deloitte's 2017 Technology Fast 500.
In 2019 Biz2Credit secured $50 million in Series B funding.

Lending index

Since January 2011, Biz2Credit has released a monthly report called the ‘Small Business Lending Index’. The report covers monthly data from loan approval rates at banks and institutional lenders.

Clients