Bizcap, a global fintech providing fast, flexible funding to small and medium-sized businesses, has closed a $175 million credit facility with a leading US institutional credit manager. The new capacity will support the company's growth across the United States and Canada.

The facility gives Bizcap more room to fund small businesses looking for faster, more flexible options than traditional financing. It will support increased originations and continued product expansion across North America.

Founded in Australia in 2019, Bizcap now operates in eight countries and has provided more than $5 billion in funding to over 100,000 businesses worldwide. The company credits that growth to its mix of technology, local market expertise and an open-minded approach to underwriting.

Bizcap has also put significant resources into proprietary AI and machine learning, focused on stronger credit decisioning, better operational efficiency and faster, more informed funding decisions.

Executive commentary

"This is a major milestone for Bizcap and an exciting step in our North American growth," said Albert Gahfi, Chief Executive Officer of Bizcap.

"Since launching seven years ago, we've built a global business that has funded more than 100,000 businesses across multiple international markets. We've achieved that by looking beyond traditional credit metrics, combining technology and data with a deeper understanding of each business to identify opportunities that other lenders might overlook.

"We've also invested heavily in AI and proprietary technology because we believe the future of business financing is about making better decisions, faster, while maintaining a personal and practical approach.

"This facility gives us the capacity to bring that approach to more businesses across the US and Canada, while continuing to invest in the technology, products and people driving our growth."

"Our international expansion has been supported by a consistent approach to underwriting criteria, risk management and governance," said Mendy Piekarski, Chief Legal Officer of Bizcap.

"This facility provides additional capacity to support our North American operations as we continue to scale, while maintaining the established risk management and underwriting practices that underpin our business."

About Bizcap

Founded in Australia in 2019, Bizcap is a global fintech specializing in fast, flexible funding solutions to small and medium-sized businesses across North America, Australia, New Zealand, Southeast Asia, the United Kingdom and Europe.

Combining an open-minded approach to business funding with proprietary technology, data-driven underwriting and local market expertise, Bizcap helps businesses access capital beyond traditional financing options.

Bizcap has provided more than $5 billion in funding to over 100,000 businesses worldwide.

For more information, visit bizcapfunding.com.

Source: Pinion Newswire

###

Media Contact Details

Bizcap

Bizcap

Send Email

www.bizcapfunding.com