FinTech Company to Offer Financial Institutions a Variety of Financing Options
San Francisco /March 17, 2016 – Western Independent Bankers (WIB), a trade association which markets to over 600 community and regional banks, announced today that it will partner with Bizfi, a financial technology company that provides a wide range of financing options for small businesses, as the exclusive Premier Solution Provider for alternative finance.
This partnership provides the small business clients of WIB’s member banks and bank service provider’s access to Bizfi’s alternative financing platform. The agreement benefits small businesses encompassing the Western states of Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada New Mexico, Oregon, Utah, Washington, Wyoming and the U.S. Territories. Bizfi’s connected marketplace instantly provides a diverse selection of financial products and real-time pre-approvals with options ranging from short-term to medium term financing, medical financing, lines of credit, equipment financing and invoice financing. Bizfi’s platform includes 15 fully integrated partners including OnDeck, (NASDAQ:ONDK), Funding Circle, Kabbage, IMCA Capital, Bluevine, Dealstruck and Bankers Healthcare Group as well as more than 30 non-integrated partners.
As a Premier Solution Provider, Bizfi will bring their expertise in providing high-quality, value-added products and services that can expand WIB member banks’ support of small businesses. Bizfi’s platform offers a unique one-stop-shop experience for clients and financing partners that combines aggregation, a funding marketplace, and financing products. WIB will introduce its partnership with Bizfi to its members at their annual conference, to be held on April 2-6, 2016 on The Big Island, Hawaii, as well as through its branded education series, WiBINARS.
“WIB member banks are the leading funders of America’s small businesses,” said Michael Delucchi, President and Chief Executive Officer of WIB and WIB Service Corporation. “With Bizfi as a WIB Premier Solutions Provider we are able to offer their expertise in alternative financing and superior technology to our member banks and deliver a complete solution for small business funding.”
“Small businesses have many different funding needs, from lines of credit and equipment finance to long-term loans. As a premier solution provider, Bizfi’s unique multi-partner platform can help WIB members meet those needs faster and more efficiently than ever before while maintaining relationship continuity with its current small business clients. Bizfi is honored to join WIB in serving America’s entrepreneurs,” said Stephen Sheinbaum, founder of Bizfi.
About Western Independent Bankers (WIB) & WIB Service Corporation
Established in 1937, Western Independent Bankers (WIB) is the premier networking and educational organization for community banks in the West. WIB informs, educates and connects community banks with the resources and services to achieve the highest standards of personal and organizational performance. WIB Service Corporation was established in 1994 by the WIB Board of Directors as a wholly owned subsidiary of WIB. WIB provides a due diligence package on each of its Premier Solutions Providers to WIB Member Banks upon request. For more information, visit www.wib.org.
Bizfi, 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 $1.5 billion in financing to more than 28,000 small businesses in a wide variety of industries across the United States.
Bizfi’s connected marketplace instantly provides multiple financing options to businesses from a diverse assortment of funding partners and real-time pre-approvals. Bizfi’s product suite includes short-term financing, franchise 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. For more information, go to www.bizfi.com.
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