January 5, 2016
On December 15, Bizfi, a FinTech company whose online small-business finance platform combines aggregation, funding and a participation marketplace, announced that Metropolitan Equity Partners (Metropolitan) has provided a structured financing facility of $65 million to the company to drive growth.
Bizfi and its proprietary marketplace and funding technologies have provided in excess of $1.3 billion in financing to over 26,000 small businesses across the United States since 2005. Since Bizfi launched its aggregation platform in 2015, the company has experienced a 72% growth in year-over-year gross originations.
The company has certain plans on ...