Bizfi Secures Additional $20 Million FinancingJune 28, 2016 | By: Srividya Kalyanaraman
Small business capital marketplace Bizfi has secured a $20 million investment from New York-based investment manager Metropolitan Equity Partners, supplementing the $65 million infusion in December last year.
Bizfi said this capital will be used to expand and optimize its funding programs and develop an effective marketing campaign to advertise those better.
“Our relationship has deepened over the past few months and when the opportunity to raise additional capital presented itself, MEP was the most logical partner,” said Stephen Sheinbaum, Bizfi founder.
Bizfi has so far crossed $1.7 billion in financing to more than 30,000 small businesses since 2005 with partners like OnDeck, Funding Circle and Kabbage.Last modified: June 28, 2016
Srividya's work has appeared in publications like Money magazine, Advertising Age, FirstPost and The Economic Times. She has also dabbled in business intelligence solutions, and holds a Masters degree in Business and Economic Reporting from NYU.