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Metropolitan Equity Partners increases investment in Bizfi

Metropolitan Equity Partners has invested USD20  millionin Bizfi (www.bizfi.com), a FinTech company that combines aggregation, funding and a marketplace for small businesses. 

This investment represents an increase from the USD65 million financing of the company in December.

Paul Lisiak, Managing Partner of Metropolitan, says: “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.”

Bizfi and its proprietary marketplace and funding technologies have provided in excess of USD1.7 billion in financing to more than 30,000 small businesses across the United States since 2005. The Bizfi platform has integrated with 15 funding partners, including OnDeck, (NASDAQ:ONDK), Funding Circle, Kabbage, IMCA Capital, Bluevine, SmartBiz and more than 30 additional partners that are available offline. Bizfi also participates in funding on the platform. The platform provides multiple funding options including short-term financing, medical financing, lines of credit, equipment financing, invoice financing, franchise financing, medium-term loans and long-term loans guaranteed by the US Small Business Administration.

“Metropolitan has proven to have a clear vision for both Bizfi and the industry. 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,” says Stephen Sheinbaum, Bizfi founder.

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