Biz2Credit to invest $100 million in India
Online marketplace Biz2Credit, which provides credit to small businesses, plans to invest $100 million over the next five years to expand in India. The company has registered a phenomenal growth in its business in India in the last few months by adding a large number of new customers. Because of this, the company, which is seeing good potential in the Indian market, is now ready to make a big investment in its operations in the country. The investment will be primarily towards R&D, operations, and expanding the employee base. The company is creating new job opportunities for young graduates in the country with both technical and service-oriented responsibilities.
Biz2Credit was established in the year 2007 and is backed by Nexus Venture Partners. Since its inception, Biz2Credit has been the leading online marketplace providing financial services to small businesses and has distributed more than $8 billion in commercial funding to thousands of companies across the United States. Biz2Credit is expanding its industry-focused technology into custom digital platform solutions for leading banks and other financial institutions, investors and service providers in the US, India, Australia, and Canada.
