Bizfi Begins 2016 with Record Breaking Quarter

New York – May 17, 2016 – Bizfi (www.bizfi.com), the premier FinTech company with a platform that combines aggregation, funding and a marketplace for small businesses, announced it originated more than $144 million in financing to 3,605 small businesses in the first quarter of 2016. This is a record in originations for any one quarter, resulting in a 49 percent year-over-year increase over the $96 million originated in the first quarter of 2015.

Earlier this year, Bizfi announced they had become a Premier Solution Provider with Western Independent Bankers (WIB), a trade association with community and regional banks across the Western United States. This relationship provides the small business clients of WIB’s member banks and bank service providers access to Bizfi’s alternative financing platform.

“Associations like WIB recognize our value, as their banks are integrating with our technology and offering our alternative funding solutions to small business owners that don’t fit in their credit box. These types of relationships not only help to fuel Bizfi’s growth, they ensure the financial partner continues to maintain their customer relationships by providing their clients an alternative for the financing they need,” said Stephen Sheinbaum, founder of Bizfi. 

Bizfi and its proprietary marketplace and funding technologies have provided in excess of $1.6 billion in financing to more than 29,000 small businesses across the United States since 2005. The Bizfi platform has integrated with 15 funding partners, including OnDeck, (NASDAQ:ONDK), Funding Circle, Kabbage, IMCA Capital, Bluevine, SmartBiz and more than 30 additional partners that are available offline. Bizfi also participates in funding on the platform. The platform provides multiple funding options including short-term financing, medical financing, lines of credit, equipment financing, invoice financing, franchise financing, medium-term loans and long-term loans guaranteed by the U.S. Small Business Administration.

Mr. Sheinbaum concluded, “Bizfi’s marketplace makes us a valuable resource for thousands of small business owners across the United States,” said Stephen Sheinbaum, founder of Bizfi. “In 2016, we’re looking forward to further expanding our product set and partnering with more traditional financiers, enabling us to fund the growth of even more of America’s small businesses.”

About Bizfi

Bizfi (www.bizfi.com) is the premier FinTech company combining aggregation, funding and a participation marketplace on a single platform for small businesses. Founded in 2005, Bizfi and its family of companies have provided in excess of $1.6 billion in financing to more than 29,000 small businesses in a wide variety of industries across the United States.

Bizfi’s connected marketplace instantly provides multiple funding options and real-time pre-approvals to businesses from a wide variety of funding partners. Bizfi’s funding options include short-term financing, franchise financing, medical financing, lines of credit, equipment financing, invoice financing, medium-term loans and long-term loans guaranteed by the U.S. Small Business Administration. The Bizfi API provides a turnkey white label or co-branded solution that easily allows strategic partners to access the Bizfi engine and present their clients with financial offers from Bizfi lenders all while maintaining their customer’s user experience. A process that once took hours, now takes minutes. 

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