What is Bizfi?
Bizfi addresses a critical lending gap by offering loan products specifically designed for self-employed individuals who face challenges with traditional income verification and documentation, particularly in the wake of pandemic-related impacts. The company provides financing options with limited income certification, flexible asset verification, and adaptable credit standards, aiming to empower self-employed individuals to secure necessary capital. Based in Elmsford, New York, Bizfi's innovative approach supports a segment of the market often underserved by conventional lending institutions.
How much funding has Bizfi raised?
Bizfi has raised a total of $85M across 2 funding rounds:
Debt
$65M
Private Equity
$20M
Debt (2015): $65M with participation from Metropolitan Equity Partners
Private Equity (2016): $20M led by Metropolitan Equity Partners, LLC
Key Investors in Bizfi
Metropolitan Equity Partners
Metropolitan Partners Group is a private investment firm that provides non-controlling growth capital to ambitious owner-operators, enabling them to scale their businesses while maintaining majority control and equity. The firm primarily serves founders, entrepreneurs, and owner-operators, as well as institutional investors and family offices seeking non-sponsored investment opportunities.
Metropolitan Equity Partners, LLC
With a focus on small and mid-sized U.S. businesses that require flexible growth capital, Metropolitan Partners Group offers bespoke capital solutions tailored to the unique needs of each client. Their founder-first philosophy emphasizes partnership, speed, and access to an extensive operating network.
What's next for Bizfi?
With a significant enterprise-level funding context and a recent strategic investment, Bizfi is positioned for substantial growth and market expansion. This capital infusion is expected to fuel the enhancement of their loan product offerings and broaden their reach to self-employed borrowers nationwide. The company's focus on a niche market, combined with strategic backing, suggests a trajectory towards becoming a leader in alternative lending solutions for independent professionals.
See full Bizfi company page
