Biz2Credit provides an online lending platform for banks and other financial institutions to manage SMB lending processes and to make it easier and faster for SMBs to access working capital. Its software offers loan origination, servicing, monitoring, risk management and data analytics to streamline SMB and commercial lending. The company markets Biz2X, a digital lending platform with live deployments in four major markets worldwide. Biz2Credit intends to expand Biz2X through SaaS partnerships with global financial institutions and to drive growth in its marketplace lending business. Leadership includes CEO and Co‑Founder Rohit Arora and President and Co‑Founder Ramit Arora. The company was initially funded by Nexus Venture Partners and completed a $52m Series B to support continued growth and global expansion. Biz2Credit runs a peer-to-peer marketplace that underwrites, originates and services loans by vetting small-business borrowers and connecting them with institutional and bank lenders. The company uses a proprietary scorecard and analytics platform and reports a 0.7% default rate on its borrowers. Loan sizes on the platform range from $25,000 to $500,000, and roughly 70% of borrowers have been in business over three years and generate more than $1 million in revenue. Biz2Credit says it expects roughly $80 million in revenue in 2015 and is targeting an initial public offering by 2016. The firm has about 150 employees across offices in Delhi, New York, San Francisco and St. Louis and is backed by Nexus Venture Partners.

Total raised

$302M

Funding rounds

2

Latest round

Series B

Latest activity

Jun 2019