New York-based small business financing platform Bizfi has raised $20M in growth capital from Metropolitan Equity Partners.
This round of financing will enable Bizfi to: - Expand its suite of funding programs, increasing its ability to fund America’s small business capital needs. - Increase the speed at which funding applicants access direct financing from Bizfi. - Develop and implement a national marketing campaign designed to increase the awareness of the Bizfi brand and platform within the small to medium-sized business community. Paul Lisiak, Managing Partner of Metropolitan stated, “While the FinTech industry has experienced some recent headwinds, our confidence in both Bizfi and its place in the alternative financing industry has never been stronger. Since our original investment, Bizfi’s management has proven month after month its ability to generate profits and growth in an industry where most companies are calculating burn rate.”