13/10/2021, India - Biz2Credit,
provider of an online marketplace for small business funding, eyeing expansion
in India by making an investment of USD100 million over the next 5 years. The
company has clocked a significant growth in business in India in the last few
months with a lot of new client wins. Thus,
seeing this potential of the Indian market, the firm is poised for even a
greater leap and investing hugely in operations in India. The investment will
be spent mainly in R&D, operations, and building the workforce. The company
is bringing a lot of new employment opportunities for the young graduates in
the country in both technical and service-based roles.
Biz2Credit was founded in 2007
and is backed by Nexus Venture Partners. Since its inception, Biz2Credit has
become the leading online marketplace for small business funding, having
arranged more than $8
billion in small business funding for thousands of companies throughout
the U.S. Biz2Credit is expanding its industry-leading technology in custom
digital platform solutions for leading banks and other financial institutions,
investors and service providers in the U.S., India, Australia, and
Canada.
Biz2Credit is the company
behind Biz2X, a global SaaS platform that enables financial institutions to
provide a customized online lending experience for their small and midsize
business customers. The flagship Biz2X platform has been completely conceptualized, designed and developed in India and is the epitome of “Make in
India” in the global market. Recently, the company has expanded its footprint
in Singapore and Dubai and signed contracts with leading Banks in both
countries.
Commenting on this big announcement, Mr. Rohit Arora,
CEO & Co-Founder, Biz2Credit said, “We
are delighted to see such massive growth in our business in India, this gives
us the hope to further invest in Indian operations. Despite the uncertainties
that two waves of the Coronavirus pandemic unleashed, we have clocked a massive
growth in the revenue with 15-plus new client wins and eyeing a greater leap in
the next 10-12 months.” He further
added, “I want to applaud the
government’s initiatives for bringing ample of new opportunities for the
Fintech sector which gives the sector
a quantum leap. The fintech business model is now working with a remarkable and
consistent framework that enables entrepreneurs, business owners, proprietors,
and even banks and NBFCs to go through huge information and make better choices
in their businesses.”
Adding to the announcement, Mr. Vineet Arora, Global CTO and
Country Head, Biz2Credit India said, “The Indian
market holds immense potential for Fintech companies like ours and it is
extremely important for our next phase of growth. We at Biz2Credit support the
government's mission of the Make in India program by making huge investments in
Indian talent and portraying India as a hub of R&D on the global front.” He further added, “Our
employees are our greatest asset, as we are looking for a multifold growth in
the coming 10-12 months, we are aggressively hiring for both service-based and
technical profiles to strengthen our white-labeled platform.”
About Biz2Credit
Biz2Credit is a digital-first provider of small business funding. Biz2Credit leverages data, cash flow insights, and the latest technology to give business owners an automated small business funding platform. Since its inception, Biz2Credit has been the best place for small businesses to get funding online. With over 350 employees globally, our team – made up of top-notch engineers, marketers and data scientists – is building the next generation in business lending solutions.
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